And investors’ worst fear comes to reality.
Chinese online sports lottery operator 500.com Ltd. has yet again failed to deliver revenue from its core product as the temporary suspension of it online lottery sales in China carries on during the second quarter of 2016.
In a disclosure to the New York Stock Exchange, 500.com reported that total purchase amount of sports lottery was nil, compared with nil for the first quarter of 2016, and nil for the second quarter of 2015. O
Net revenues of 500.com were RMB1.2 million (US$200,000), compared with RMB2.2 million (US$300,000) for the first quarter of 2016, and nil for the April-June period of 2015.