500.com Ltd. (WBAI) Reports Q2 Loss of RMB0.66/Share

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Go back to 500.com Ltd. (WBAI) Reports Q2 Loss of RMB0.66/Share

500.com Limited Announces Unaudited Financial Results For the Second Quarter of 2017

July 28, 2017 6:42 AM EDT

SHENZHEN, China, July 28, 2017 /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 ended June 30, 2017.

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... More