Compliance Updates

500.com Restarts Operations in Sweden

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4 years ago

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The Multi Group (TMG), a Malta-based subsidiary of the China-based online lottery service provider 500.com Limited has resumed its operations in Sweden.

The company has obtained a renewal of its e-Gaming license for two years for secondary lottery and casino from Sweden’s e-Gaming regulatory authority.

Revenue created by TMG amounts to 89.7% of the Company’s total net revenues last year. Revenue from Sweden accounted for 61.3%.

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