Schleswig-Holstein online gambling licences, Germany’s first, dodge the question of whether they are able to be used in the other 15 German states.
Jaxx will use that ambiguity to start using its new licence as soon as possible. UK-listed Betfair is proceeding more cautiously, saying it has not yet determined its next move.
Jaxx, which is changing its name to mybet Holdings, will generate more than €1m in tax for Schleswig-Holstein in 2012 alone. Tax in the northernmost German state is 20 percent of gross gaming revenue.
Jaxx, based in Schleswig-Holstein, wants to debut its dot.de website in time for the June 8 opening of the Euro 2012 football tournament.