Chinese online sports lottery service provider 500.com saw its shares tank this week after announcing that its operations in several Chinese provinces would be “temporarily” suspended.
In January, reports circulated that several Chinese government ministries had instructed provincial lottery administrators to shut down all unauthorized online lottery operators by March 1. Officially, 500.com isn’t licensed to conduct online lottery sales but had been allowed to operate (along with China SMG network) as part …read more
Source:: 500.com shares tank as China lottery centers suspend online sales
500.com shares tank as China lottery centers suspend online sales
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