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Losses mount for 500.com as online lottery suspension drags on

12th November 2015 11:34 am GMT

New York-listed Chinese lottery supplier 500.com said Thursday that it continues to work with the China Sports Lottery Administration Center to develop an online lottery sales management system, although the company’s results suffered as a result of a second successive quarter of zero revenue.

As a result of China’s provincial Sports Lottery Administration Center’s decision to temporarily suspend accepting online lottery orders earlier this year, 500.com did not generate any revenue from sports lottery sales during [...]

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