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Online lottery betting and casino boosts 500.com in second quarter

30th July 2018 6:37 am GMT

New York-listed lottery provider 500.com has reported net revenue of RMB30.4m (US$4.6m) for the second quarter of 2018, with The Multi Group (TMG) online lottery betting and casino business contributing the bulk of the total.

Revenue was up significantly from the previous year’s RMB4.6m but down 21 per cent compared to the previous quarter.

The company’s TMG business, acquired last July, contributed RMB27.1m of the total, equivalent to 89 per cent of Q2 revenue. This was up 30 [...]

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