500.com Ltd. (WBAI) Reports Q1 Loss of RMB0.38/Share

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500.com Limited Announces Financial Results For the First Quarter of 2016

May 20, 2016 6:00 AM EDT

SHENZHEN, China, May 20, 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 first quarter of 2016.

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