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500.com revenue slumps in third quarter

12th November 2019 8:42 am GMT

New York-listed lottery operator 500.com has reported a 67 per cent drop in net revenue to RMB9.8m (€1.3m) for the third quarter of 2019.

The company’s lottery betting and online casino division, The Multi Group (TMG), accounted for 95 per cent of the Q3 total, with revenue continuing to be negatively impacted by new regulations in the Swedish market at the start of the year.

500.com said that revenue fell by RMB14.2m year-on-year due to the need for [...]

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