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China’s 500.com posts strong Q4 following sports lottery growth

24th February 2014 10:44 am GMT

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 [...]

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