500.com Limited Announces Unaudited Financial Results For the Third Quarter ended September 30, 2020
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: PR Newswire
SHENZHEN, China, Nov. 20, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com," "the Company," "we," "us," "our company," or "our"), an online sports lottery service provider in China, today reported its unaudited financial results for the third quarter ended September 30, 2020.Resumption of Operations in SwedenThe Multi Group ("TMG"), a Malta-based subsidiary of the Company, has temporarily suspended its operations in Sweden in early 2020 as TMG did not complete the renewal of its e-Gaming license before it expired. The Company promptly issued a Current Report on Form 6-K dated January 13, 2020 regarding this situation, and provided an update through another Current Report on Form 6-K dated February 20, 2020. After submitting all the application materials and maintaining close communication with Sweden's e-Gaming regulatory authority, TMG completed the renewal process and resumed its operations in Sweden in September 2020. The Company's revenues for the third quarter ended Se
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