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500.com hit by suspension of Chinese online lottery sales

25th February 2015 1:51 pm GMT

NASDAQ-listed Chinese lottery service provider 500.com will be unable to process online sales for some of its lottery products following a notice issued by the Chinese government.

500.com said that a number of provincial sports lottery administration centres, to which the company provides sport lottery sales services, plan to temporarily suspend accepting online purchase orders for lottery products.

The move is in response to a notice published last month regarding issues related to “self-inspection and self-remedy of [...]

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