500.com Ltd. (WBAI) Reports Q4 Loss of RMB2.62/Share

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500.com Limited Announces Financial Results For the Fourth Quarter and Full Year of 2015

February 24, 2016 6:00 AM EST

SHENZHEN, Feb. 24, 2016 /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 fourth quarter and full year 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"),... More