500.com Limited (NYSE:WBAI)

Wednesday, January 8, 2020 | Web News
SHENZHEN, China, Jan. 8, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the...
Tuesday, November 12, 2019 | Web News
Third Quarter 2019 Financial Results Net revenues were RMB9.8 million (US$1.4 million), compared with net revenue of RMB9.7 million for...
Monday, November 4, 2019 | Web News
SHENZHEN, China, Nov. 4, 2019 /PRNewswire/ -- 500.com Limited (WBAI) ("500.com" or the "Company"...
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500.com Stock Movement Defies Logic
Monday, April 27, 2015, 9:07 AM
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We are a leading online sports lottery service provider in China with the largest market share in the six months ended June 30, 2013 and the second largest market share in 2012 in terms of purchase amount of sports lottery products, according to the iResearch Report. We act as an aggregator and processor of lottery purchase orders from our registered user accounts and currently derive substantially all of our revenues from service fees paid to us by provincial sports lottery administration centers for the purchase orders of sports lottery products that we direct to such centers. We offer a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to our users. We were among the first companies to provide online lottery services in China, and we are one of the two entities that are authorized by the MOF to provide online lottery sales services on behalf of China Sports Lottery Administration Center, the government authority in charge of the issuance and sale of sports lottery products in China.

Last updated November 20, 2013