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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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Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

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888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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