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500.com widens 2017 loss despite successful revenue diversification

28th March 2018 8:17 am GMT

New York-listed gaming operator 500.com has posted full-year net revenue of RMB129.0m (€16.5m) for 2017, following the successful diversification of its business through the acquisition of Melcolot and The Multi Group.

With results continuing to be impacted by the suspension of online lottery sales in China since March 2015, the company’s new businesses helped revenue for the final quarter of the year soar 541 per cent to RMB48.1m.

The Multi Group, comprising Nordic-facing B2C brands Multilotto.com and [...]

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