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500.Com Ltd (WBAI.N)

WBAI.N on New York Stock Exchange

4.06USD
3 Apr 2020
Change (% chg)

$0.06 (+1.50%)
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$4.00
Open
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Volume
1,924
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$14.43
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$3.27

Latest Key Developments (Source: Significant Developments)

500.Com Ltd Reports Qtrly Diluted Losses Per ADS RMB7.16
Friday, 28 Feb 2020 

Feb 27 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2019.Q4 REVENUE FELL 68.4 PERCENT TO RMB 8.6 MILLION.QTRLY BASIC AND DILUTED LOSSES PER ADS WERE RMB7.16 (US$1.03).QTRLY NON-GAAP BASIC AND DILUTED LOSSES PER ADS WERE RMB1.50 (US$0.22).IMPAIRMENT OF GOODWILL WAS RMB41.6 MILLION (US$6.0 MILLION) FOR Q4 OF 2019.IMPAIRMENT OF ACQUIRED INTANGIBLE ASSETS WAS RMB181.8 MILLION (US$26.1 MILLION) FOR Q4 OF 2019.500.COM-DOESN'T EXPECT TO ISSUE EARNINGS FORECAST UNTIL IT RECEIVES INSTRUCTIONS AS TO RESUMPTION DATE OF ONLINE SPORTS LOTTERY SALES FROM FINANCE MINISTRY.  Full Article

500.Com's Malta-Based Unit Continues Temporary Suspension In Sweden
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - 500.Com Ltd ::500.COM LIMITED'S MALTA-BASED SUBSIDIARY CONTINUES THE TEMPORARY SUSPENSION IN SWEDEN.500.COM LTD - UNIT CONTINUES TO TEMPORARILY SUSPEND ITS OPERATIONS IN SWEDEN AS IT AWAITS RENEWAL OF ITS EGAMING LICENSE.500.COM LTD - REVENUES FROM TMG DURING Q1 OF 2020 HAVE BEEN MATERIALLY AND ADVERSELY IMPACTED BY TEMPORARY SUSPENSION OF OPERATIONS IN SWEDEN.  Full Article

500.Com Ltd Announces Changes To Board Of Directors, Management
Monday, 3 Feb 2020 

Feb 2 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND MANAGEMENT.ZHENGMING PAN, PREVIOUSLY STEPPED ASIDE FROM DIRECTOR AND CHIEF EXECUTIVE OFFICER POSITIONS, HAS OFFICIALLY RESIGNED, EFFECTIVE FEB 1.  Full Article

500.Com Limited Malta-Based Subsidiary Temporarily Suspends Operations In Sweden
Wednesday, 8 Jan 2020 

Jan 8 (Reuters) - 500.Com Ltd ::500.COM LIMITED MALTA-BASED SUBSIDIARY TEMPORARILY SUSPENDS OPERATIONS IN SWEDEN.500.COM LTD - EXPECTS REVENUES FROM TMG DURING Q1 OF 2020 WILL BE MATERIALLY AND ADVERSELY IMPACTED BY TEMPORARY SUSPENSION OF OPERATIONS IN SWEDEN.500.COM - TMG EXPECTS TO RENEW ITS LICENSE & RESUME OPERATIONS IN SWEDEN IN MID-FEB. 2020.500.COM - MALTA-BASED UNIT OF CO, THE MULTI GROUP, TEMPORARILY SUSPENDED OPERATIONS IN SWEDEN AS IT DID NOT COMPLETE EGAMING LICENSE RENEWAL BEFORE EXPIRATION.500.COM LTD - "TMG IS IN CLOSE COMMUNICATION WITH SWEDEN'S EGAMING REGULATORY AUTHORITY".  Full Article

Loto Interactive Says Zhang Jing Appointed Chairman Of Board
Thursday, 2 Jan 2020 

Jan 2 (Reuters) - Loto Interactive Ltd <8198.HK>::ZHANG JING HAS BEEN APPOINTED AS CHAIRMAN OF BOARD.PAN ZHENGMING HAS RESIGNED AS CHAIRMAN OF BOARD.  Full Article

500.Com Ltd Elects Shengwu Wu As Chairman Of Board
Tuesday, 31 Dec 2019 

Dec 31 (Reuters) - 500.Com Ltd ::500.COM LIMITED ESTABLISHES SPECIAL COMMITTEE AND ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND MANAGEMENT.500.COM LTD - BOARD FORMED SPECIAL INVESTIGATION COMMITTEE TO INTERNALLY INVESTIGATE ALLEGED ILLEGAL MONEY TRANSFERS.500.COM - XUDONG CHEN, CHAIRMAN OF BOARD, HAS RESIGNED, EFFECTIVE DEC 30, 2019.500.COM LTD - BOARD FORMED SIC TO INTERNALLY INVESTIGATE ROLE PLAYED BY CONSULTANTS FOLLOWING ARREST OF 1 CONSULTANT AND 2 FORMER CONSULTANTS.500.COM LTD - CHEN'S RESIGNATION WAS NOT BASED ON ANY DISAGREEMENT WITH CO ON ANY MATTER RELATED TO ITS BUSINESS, FINANCE AND/OR ANY OTHER AFFAIRS.500.COM LTD - ACCEPTED REQUEST FROM CEO ZHENGMING PAN, TO TEMPORARILY STEP ASIDE FROM POSITIONS, EFFECTIVE DEC 30, 2019 UNTIL SIC'S INVESTIGATION ENDS.500.COM LTD - SHENGWU WU HAS BEEN ELECTED TO REPLACE CHEN AS CHAIRMAN OF BOARD.500.COM LTD - ZHAOFU TIAN, CO'S CURRENT CHIEF TECHNOLOGY OFFICER, APPOINTED AS INTERIM CEO UNTIL CONCLUSION OF SIC'S INVESTIGATION.  Full Article

500.Com Ltd Reports Q3 Non-Gaap Basic And Diluted Losses Per Ads Rmb 1.16
Tuesday, 12 Nov 2019 

Nov 11 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2019.Q3 REVENUE FELL 67.4 PERCENT TO RMB 9.8 MILLION.QTRLY BASIC AND DILUTED LOSSES PER ADS WERE RMB2.23.QTRLY NON-GAAP BASIC AND DILUTED LOSSES PER ADS WERE RMB1.16.DOES NOT EXPECT TO ISSUE ANY EARNINGS FORECAST UNTIL IT RECEIVES CLEAR INSTRUCTIONS AS TO RESUMPTION DATE OF ONLINE SPORTS LOTTERY SALES.  Full Article

500.Com Q2 Revenue Fell 63.5% To RMB 11.1 Million
Wednesday, 7 Aug 2019 

Aug 6 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2019.Q2 REVENUE FELL 63.5 PERCENT TO RMB 11.1 MILLION.QTRLY BASIC AND DILUTED LOSSES PER ADS WERE RMB3.22 (US$0.47).QTRLY NON-GAAP BASIC AND DILUTED LOSSES PER ADS WERE RMB2.74 (US$0.40).DOES NOT EXPECT TO ISSUE ANY EARNINGS FORECAST UNTIL IT RECEIVES CLEAR INSTRUCTIONS AS TO RESUMPTION DATE OF ONLINE SPORTS LOTTERY SALES.  Full Article

500.com Ltd Reports Qtrly Losses Per ADS Of RMB2.19
Wednesday, 15 May 2019 

May 14 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2019.Q1 REVENUE RMB 14.3 MILLION VERSUS RMB 38.4 MILLION.QTRLY LOSSES PER ADS WERE RMB2.19 (US$0.33).QTRLY NON-GAAP LOSSES PER ADS WERE RMB1.50 (US$0.20).IN RESPONSE TO SELF-INSPECTION NOTICE, ON APRIL 4, 2015, COMPANY DECIDED TO VOLUNTARILY SUSPEND ALL ONLINE LOTTERY SALES SERVICES.500.COM - DOES NOT EXPECT TO ISSUE EARNINGS FORECAST UNTIL IT RECEIVES RESUMPTION DATE OF ONLINE SPORTS LOTTERY SALES FROM MINISTRY OF FINANCE.  Full Article

500.Com Ltd Announces Fourth Quarter Results
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - 500.Com Ltd ::500.COM LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2018.Q4 REVENUE FELL 23.6 PERCENT TO RMB 27.2 MILLION.QTRLY BASIC AND DILUTED LOSSES PER ADS WERE RMB6.05(US$0.88).QTRLY NON-GAAP BASIC AND DILUTED LOSSES PER ADS WERE RMB5.50(US$0.80).500.COM - NOT EXPECT TO ISSUE EARNINGS FORECAST UNTIL RECEIVES INSTRUCTIONS ON RESUMPTION DATE OF ONLINE SPORTS LOTTERY SALES FROM MINISTRY OF FINANCE.  Full Article

Factbox: Tsinghua-backed 500.com identified by media as involved in Japan casino bribery case

China's 500.com Ltd , an online gambling firm, was identified by media as the company accused by Tokyo prosecutors of bribing Japanese lawmakers in the hope of building a casino in Japan.