Login/Register
Octoplay
Octoplay

500.com posts loss as Chinese lottery suspension hits Q2 results

30th July 2015 7:12 am GMT

NASDAQ-listed Chinese lottery supplier 500.com has reported a net loss of RMB81.4m (€12.0m) for the second quarter of 2015, as a result of the adverse impact of the temporary suspension of online lottery sales in China which meant that the supplier generated no revenue at all during the period.

As a result of China’s provincial sport lottery administration centers' decision to temporarily suspend accepting online lottery orders, 500.com did not generate any revenue from sports lottery [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login