In its first results as a public company, NYSE-listed Chinese online sports lottery service provider 500.com has reported a 136 per cent increase in net revenue to RMB96.1m (US$15.9m) for the fourth quarter of last year.

The strong year-on-year growth was primarily due to the resumption of 500.com’s online lottery sales and services for sports lottery products in November 2012, after the company voluntarily suspended its services in response to the implementation of a new government regulation limiting sales of online lottery services to entities approved by the Ministry of Finance.

Revenue was up 39 per cent versus the previous quarter...

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