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Changes Afoot

The upper level management at all of the online casino gambling groups seems to be in a state of flux these days – this time though, as the Chairman of Jaxx AG steps down from his position here is no scandal following. The internet gambling industry is seeming full of scandal in recent months from the dispute at CryptoLogic to the ongoing issues that are slowly destroying Casino Affiliate Program. Jaxx AG is a German online casino gambling group that has really popped onto the scene in recent years. According to the new information released from Jaxx, the Chairman of the Supervisory Board, Goetz Graf von Hardenberg, has stepped down from his position as of April 6, 2009. A new appointment has already been suggested and a vote is in the works.

The online casino gambling industry is really in a pivotal phase right now – there are major developments seemingly every day and the slowing global economy is breathing down the backs of the internet gambling companies, urging them to maintain high profits despite the state of the economy. Graf von Hardenberg has been a part of the Jaxx team for more than a decade and has played a pivotal role in shaping the direction and new markets that Jaxx has entered in recent years. Because the Supervisory Board must maintain a status quo, the board has already put forth a new name to take Graf von Hardenberg position. The shareholders will consider the appointment of Rainer Jacken at the next shareholder meeting.

It is proposed that Jacken has the skills to continue leading the land and online casino gambling group into a stronger position in the European gambling industry. The company is already solid in the German lottery market and new efforts are focused most pointedly on transitioning into the larger and more lucrative European gaming market.