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China’s 500.com secures majority stake in social poker operator

28th November 2016 10:06 am GMT

New York-listed gaming operator 500.com has acquired a controlling stake in a mobile social gaming operator as it continues to diversify away from the Chinese lottery market.

500.com has acquired a controlling interest in Qufan Internet Technology and its subsidiary Shenzen Qufan Internet Technology, which offers free-to-play mobile poker.

The acquisition will allow 500.com to generate revenue from the poker offering, with its core online lottery business still halted by the Chinese government’s ongoing suspension of online lottery sales.

The Chinese [...]

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