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The Multi Group fails to renew Swedish license

9th January 2020 8:02 am GMT
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New York-listed lottery operator 500.com has temporarily suspended the Swedish operations of its subsidiary The Multi Group.

The suspension follows The Multi Group’s failure to renew its Swedish iGaming license before its expiration.

The operator says that it remains in close communication with Swedish regulatory authority Spelinspektionen and expects to renew its license and resume operations in Sweden from mid-February.

500.com has warned that it expects revenue from The Multi Group to be materially and adversely impacted by [...]

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