500.com Ltd. (WBAI) Misses Q2 EPS by 29c

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500.com Limited Announces Financial Results For the Second Quarter of 2015 and Changes to the Board

July 29, 2015 7:00 AM EDT

SHENZHEN, China, July 29, 2015 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a leading online sports lottery service provider in China, today reported its unaudited financial results for the second quarter of 2015.

Temporary Suspension of Online Lottery Sales

Since March 2015, all provincial sports lottery administration centers to which the Company provides sports lottery sales services have temporarily suspended accepting online purchase orders for lottery products in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, (the "Self-Inspection Notice"), which was... More