Online Casino Transfer: News - Jaxx Numbers are In

05/01/2010		Online Casino Style: News Jaxx Numbers Are In
Home History Games News Dictionary		The final numbers for the year end of 2009 have become available for an online gambling company based in Germany this week. Jaxx AG, known primarily for their offering of sports betting products, was able to report a more positive year in the last 12 months than they were able to for 2008, giving investors a cause to celebrate and the company drive for the next year. Revenues overall were up by 15 percent, to a solid performance of €114.5 million with their fourth quarter showing a generous EBITDA. In spite of the company abandoning their efforts for a German lottery, and the overall less-than-enthusiastic economic conditions that continue to plague the globe’s most wealthy of countries, their EBITDA showed a smaller loss than the previous quarters had suffered, logging in at just €2.8 million. Jaxx also revealed to investors their progress on making a sale for their controlling share of the horse betting website, pferdewetten.de, of which they own 65.1 percent. After 2008’s disappointing numbers, Jaxx made a concerted effort to restructure their operations, a project that went into full swing in the third quarter last year. By the end of December, results were already being noted, as the focus more acutely was drawn to high profit areas of business. One of the key points was the abandonment of pferdewetten.de, for which negotiations are taking place. Sports betting was the key element for growth for the online gambling firm, as the accounts for the division make up 79 percent of the company’s incoming revenue. The profits from the department jumped a significant 30.4 percent from the previous year, hitting a solid €90.6 million. Earnings from the fourth quarter were up to €37.3 million, with profitability returning after a hard dry spell.

05/01/2010

Online Casino Style: News
Jaxx Numbers Are In

The final numbers for the year end of 2009 have become available for an online gambling company based in Germany this week. Jaxx AG, known primarily for their offering of sports betting products, was able to report a more positive year in the last 12 months than they were able to for 2008, giving investors a cause to celebrate and the company drive for the next year. Revenues overall were up by 15 percent, to a solid performance of €114.5 million with their fourth quarter showing a generous EBITDA.

In spite of the company abandoning their efforts for a German lottery, and the overall less-than-enthusiastic economic conditions that continue to plague the globe’s most wealthy of countries, their EBITDA showed a smaller loss than the previous quarters had suffered, logging in at just €2.8 million. Jaxx also revealed to investors their progress on making a sale for their controlling share of the horse betting website, pferdewetten.de, of which they own 65.1 percent.

After 2008’s disappointing numbers, Jaxx made a concerted effort to restructure their operations, a project that went into full swing in the third quarter last year. By the end of December, results were already being noted, as the focus more acutely was drawn to high profit areas of business. One of the key points was the abandonment of pferdewetten.de, for which negotiations are taking place.

Sports betting was the key element for growth for the online gambling firm, as the accounts for the division make up 79 percent of the company’s incoming revenue. The profits from the department jumped a significant 30.4 percent from the previous year, hitting a solid €90.6 million. Earnings from the fourth quarter were up to €37.3 million, with profitability returning after a hard dry spell.