JAXX subsidiary myBet.com granted sports betting licence in Belgium

The licensee is QED Belgium SPRL, a newly established member company of the JAXX Group. The 'F1 licence' is initially for providing sports betting over the counter (at betting shops). As soon as the regulatory framework for the internet has been finalised, it is expected that the permit will swiftly be extended to include online products ('F1+') because myBet.com is one of the official participants in the 'Internet Test Group' set up by the Belgian Gaming Commission.

The Belgian Government only recently passed legislation on the reorganisation of the gaming market. Similarly to Italy, France, Denmark and Spain before it, in April Belgium likewise followed the general trend in the EU of ending monopolies and allowing private gaming providers to operate in a regulated environment.

Mathias Dahms, Management Board spokesman of JAXX SE, remarked: 'While Germany's federal states with the exception of Schleswig-Holstein are finding themselves increasingly isolated in the EU because of their protectionism, Belgium is yet another good example of how a market for gaming can be regulated sensibly and liberally - without stifling the emergence of competition in its infancy or neglecting sensitive topics such as player protection and gambling addiction. We are delighted to be able to compete in the Belgian market with such an outstanding brand as myBet.com.'