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500.com has posted it FY 2014 report

Wednesday April 29,2015 : ASIAN ONLINE LOTTERY FIRM'S REVENUES RISE
 
But 500.com warns that suspension of online sales is having an impact.
 
One of the major Chinese-facing online lottery sales company's, Hong Kong-based 500.com has posted it FY 2014 report, noting an increase in revenue, but warning that the Chinese government's suspension of online lottery sales  will have an impact this year.
 
The company reported that yearly net revenue rose to RMB 579.7 (US$93.4 million) million in 2014, up from RMB 259.5 million in the comparable period in 2013.
 
Operating profit increased to RMB 149.5 million from RMB 59.9 million in 2013, and net income grew from RMB 106 million in FY 2013 to RMB 157 million in 2014.
 
However, the company cautioned, since April 500.com has been unable to generate online sales revenue due to the Chinese government's action in suspending online lottery sales until an investigation into unauthorised dealers and questionable practices has been completed.
 
"There is no clear indication how long the temporary suspension will last,” the report notes, observing with some pessimism:
 
“ We cannot assure you that our users’ purchasing activities for sports lottery products will return to previous levels and continue to grow at a comparable pace as compared to that of the period prior to the voluntary suspension.”

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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