November 7, 2014
Further investor concerns have arisen over Chinese sports lottery provider 500.com’s operating viability. Bloomberg News reported that hedge fund Prime Capital Management Co. had scaled back its investment in the Chinese operator from $93m to $27 million. Prime Capital Co. controlled by Chinese investor Liu Yijun has shrunk its stake in 500.com’s Wall Street traded shares to less than 5%, …
Read More »September 12, 2014
Chinese online sports lottery operator 500.com’s senior management have hit back at claims that the operator does not have the legal and regulatory requirements to operate gambling activities in China. 500.com, who floated on the New York Stock Exchange in November 2013, has seen its share price fall after news publications disputed the operators licensing requirements to service sports lotteries …
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