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500.com widens loss as Swedish regulations hit Q1 revenue

16th May 2019 6:34 am GMT

New York-listed lottery operator 500.com has reported a 63 per cent decline in net revenue to RMB14.3m for the first quarter of 2019, with results impacted by the re-regulation of the Swedish gaming market.

The company said that the revenue decrease was mainly attributable to new regulations in Sweden relating to its Multilotto.com online lottery betting and casino business.

Revenue was also impacted by the cessation of the company’s sports information services [...]

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