500.com Limited Announces Unaudited Financial Results For the Fourth Quarter and Full Year ended December 31, 2018
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: PR Newswire
SHENZHEN, China, Feb. 20, 2019 /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 ended December 31, 2018.Physical Sales Channels of Sports Lottery TicketsOn March 6, 2018, the Company entered into a framework agreement with the China Sports Lottery Administration Center ("CSLA"), under which, both parties plan to cooperate to develop physical channels to sell sports lottery tickets. As of the reporting date, the Company has entered into framework agreements with Tianjin, Hunan and several other provinces and cities in China, assisted in developing physical sales channels of sports lottery tickets and started trial operations in Tianjin, Hunan, Hubei, Guangxi and several other provinces and cities in China. The Company is committed to assisting sports lottery sales organizations throughout the country to improve the dist
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