jumbo expands into germany, page-14

I think you guys are overestimating what the German deal means. They are acquiring a *NON-EXCLUSIVE* license. Any Hillbilly can set up a web site and acquire such a license. The interesting question is what is their *customer-acquisition-cost*. Without any exclusivity, the cost of acquiring a customer is likely to be much higher than the profits generated by that customer. They would be competing with any number of gambling beheamoths within Europe, all of whom have lower acquisition costs because they can leverage an existing European customer base.

I do give JIN brownie points for initiative. It looks like they will be spamming us with such announcements for the next two years.