DGAP-News: JAXX SE / Key word(s): Miscellaneous
JAXX SE: EU Commission rejects draft State Treaty
19.07.2011 / 12:56
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JAXX SE: EU Commission rejects draft State Treaty
Kiel, July 19, 2011 - The EU Commission has rejected virtually all key
aspects of the draft submitted by 15 federal states on the reorganisation
of the German gaming market. In a communication sent yesterday to the
Ministry of Economic Affairs, the Commission calls on the Federal Republic
to state its position on a number of questions relating to the draft's
compatibility with European Union law.
All key aspects of the draft are criticised by the Commission in its
detailed opinion, including
- the discriminatory cap on the number of licences for sports betting
- the unrealistic taxation system
- questionable rules for online casino and poker products
- the limiting of betting stakes.
Mathias Dahms, Management Board spokesman of JAXX SE, remarked: 'As
expected the EU Commission has torn up the 15 federal states' draft. It is
all too obvious that the plan is simply about perpetuating Germany's
monopoly on gambling. It is time to follow the lead given by
Schleswig-Holstein, which envisages a sensible, market-led, EU-conform path
to liberalisation.'
About JAXX:
JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial
holding company with holdings in international companies in the gaming
industry. JAXX currently holds interests in companies in Germany, the UK,
Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in Kiel.
The holding companies cover the entire spectrum of the games and gambling
industry. Depending on national regulatory structures, they broker or
market sports and horse betting, lotteries, and casino and poker games. The
shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN
DE000A0JRU67.
Contact:
JAXX SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel.: (+49) 40 8537 8847
email: stefan.zenker@jaxx.com
End of Corporate News
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19.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: JAXX SE
Jägersberg 23
24103 Kiel
Germany
Phone: +49 (0)431 88 104-0
Fax: +49 (0)431 88 104-40
E-mail: ir@jaxx.com
Internet: www.jaxx-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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132474 19.07.2011
DGAP-News: JAXX SE: EU Commission rejects draft State Treaty
| Source: EQS Group AG