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Swedish regulations continue to hamper 500.com revenue growth

8th August 2019 7:38 am GMT

New York-listed lottery operator 500.com has reported a 63.5 per cent decrease in net revenue to RMB11.1m (€1.4m) for the second quarter of 2019.

As in the first quarter, the company attributed the decline to new Swedish regulations, with revenue falling by RMB16.1m as a result of the requirement for Multilotto.com players to re-register in the market.

Revenue was also impacted by the closure of the company’s sports information services in China in March. Overall, The Multi Group [...]

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