JAXX SE is selling its lottery business after it came to an agreement with a group of investors. The firm expects the sale, worth €12.5million to be completed by the end of February and it comes after the two sides came to a consensus on January 1st. The deal has been done so that JAXX can focus on other business areas such as sports betting, casino and poker, both under the myBet brand. Adding to this management board spokesperson Mathias Dahms said: “The disposal of lottery business is the logical consequence of our decision to focus on betting business and the myBet brand, which we took at the end of 2010.”
Sports betting and lottery software supplier Betgenius has joined the European Lotteries Association. The company has been granted associate supplier membership and we can only imagine they’ll have to go through a fraught initiation evening if they want the full membership – complete with paddles and all sorts. Mark Locke, CEO of Betgenius Limited commented: “This EL Associate Membership is a huge endorsement of our services and I’m thrilled to be able to offer them to all EL Member Lotteries directly. Sports betting is fast becoming a major part of all lottery company offerings and our products will enable operators to provide the most extensive service to their customers whilst maintaining the highest standards, efficiencies, margins and usability.”
EveryMatrix has appointed its first chief technology officer in the shape of Ashton Adams. It follows the departure of COO Jesper Jensen earlier this week and CEO Ebbe Groes told eGR: “EveryMatrix has only just turned three years old and there are still much to learn in terms of professionalising the company while keeping the fun and excitement from a start-up.
“Ashton’s previously worked with other software companies both in Romania and in Asia, where our two development offices are, so it was a pretty amazing fit.”
He’ll be based in Bucharest and they also confirmed that sportsbook manager Bogdan Chis will take on Jensen’s relinquished responsibilities.