Another deal has been closed for the Swedish online gambling software provider Net Entertainment’s CasinoModule product, it was reported on Dec. 28, specifying that a German investment group JAXX SE will be the next one to be provided with the online casino and regular instant-play and download game additions.
JAXX SE was founded in 1998, and it represents one of the first online gaming groups, whose sites Jaxx.com and Mybet.com established a significant presence in Europe. It has been on the German Stock Exchange since 1999, and its strong presence in several online gambling operators has earned it over a million registered players. Its 2009 revenues amounted to EUR114,5 million.
According to Edward Mifsud, a director of a Malta-based operator of Mybet.com, P.E. I. Ltd., which is also a member of the JAXX Group, Net Entertainment had been selected after a careful study of available products and online gambler preferences.
"In order for us to achieve our aggressive casino growth plans, we need to work with a serious and professional player, who understands the importance of maximizing player experience by offering portfolio excellence and stability. Together with Net Entertainment we are confident our plans will be realized," he explained.
On the other side, Net Entertainment CEO Johan Öhman pointed out his company’s serious investment strategies, which aim to"...push the limits in gaming entertainment without compromising quality.”
“This will support JAXX's growth going forward," he said.