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China online lottery suspension sees 500.com revenue plummet in 2015

25th February 2016 7:03 am GMT

The ongoing suspension of online lottery sales in China continues to negatively impact industry suppliers, with 500.com reporting an 82.8 per cent fall in 2015 full year revenue.

Net revenue fell to RMB99.6m (€13.9m), down from RMB579.7m in 2014, after the company again failed to generate any revenue from sports lottery sales in the fourth quarter of the year.

This led to a full-year operating loss of RMB301.4m compared to an operating profit of RMB149.5m in the prior year, with a [...]

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