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500.Com Ltd (WBAI.N)

WBAI.N on New York Stock Exchange

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26 May 2017
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Latest Key Developments (Source: Significant Developments)

500.Com to acquire Multi Group
Friday, 26 May 2017 07:00am EDT 

May 26 (Reuters) - 500.Com Ltd ::500.Com Limited to acquire the Multi Group Ltd.500.Com Ltd - deal for approximately US$56.0 million.500.Com Ltd - conditionally agreed to purchase about 93.0% of outstanding shares of Multi Group for total consideration of approximately EUR49.8 million​.  Full Article

500.Com limited report qtrly loss per share $0.02
Wednesday, 10 May 2017 07:30am EDT 

May 10 (Reuters) - 500.Com Ltd : :500.com limited announces financial results for the first quarter of 2017.Q1 revenue RMB 18.4 million versus RMB 2.2 million.Qtrly basic and diluted losses per ads were RMB1.52 and RMB1.52, respectively..Qtrly non-GAAP basic and diluted losses per ADS were RMB0.82 and RMB0.82, respectively.Qtrly loss per share $0.02.  Full Article

500.com says quarterly basic and diluted losses per ADS were RMB 0.14
Thursday, 23 Feb 2017 05:00am EST 

500.Com Ltd : 500.com Limited announces financial results for the fourth quarter and full year of 2016 . Q4 revenue RMB 7.5 million . Quarterly basic and diluted losses per ADS were RMB 0.14 . Suspension of our online lottery sales operations materially and adversely impacted our financial results for Q4 of 2016 .Quarterly non-gaap basic and diluted income per ADS were RMB 0.67 and RMB 0.65 respectively.  Full Article

500.com Limited announces strategic investment in Qufan
Friday, 25 Nov 2016 06:00am EST 

500.Com Ltd : 500.com Limited announces strategic investment in Qufan . 500.com Ltd - Investment of an aggregate cash consideration of RMB110.5 million . 500.com Ltd says 500.com will cooperate with Qufan to help develop and promote its mobile social poker games platform .500.com-Investing in ordinary shares representing 51.0% of equity interest in each of Qufan Internet Technology, Shenzhen Qufan Internet Technology Co..  Full Article

500.com Q2 loss per ADS $0.07
Monday, 15 Aug 2016 06:02am EDT 

500.Com Ltd : Q2 revenue RMB 1.2 million . 500.com limited announces financial results for the second quarter of 2016 . Qtrly loss per share $0.01 . Qtrly loss per ads $0.07 . Will not make earnings forecast until it receives instruction on resumption date of online sports lottery sales from ministry of finance .Did not generate any revenue from sports lottery sales in q2 2016 due to temporary suspension of accepting online purchase orders.  Full Article

500.com Q1 revenue RMB 2.2 mln vs RMB 98.8 mln
Friday, 20 May 2016 06:07am EDT 

500.Com Ltd : Will not make earnings forecast until it receives clear instruction on resumption date of online sports lottery sales from ministry of finance . Q1 basic and diluted net loss per ads were rmb2.17 and rmb2.17 . Qtrly non-gaap diluted net loss per ads rmb1.03 . Qtrly net revenues were us$0.3 million . Did not generate any revenue from sports lottery sales in q1 of 2016 . Did not generate revenue from sports lottery sales in q1 of 2016 due to temporary suspenion of accepting online lottery orders . 500.com limited announces financial results for the first quarter of 2016 .Q1 revenue rmb 2.2 million versus rmb 98.8 million.  Full Article

500.com Announces Strategic Investment in Sumpay.cn
Tuesday, 24 Nov 2015 06:30am EST 

500.com Ltd:Says it has agreed to invest in Zhejiang Shangmeng Technology Limited Company ("Sumpay.cn"), a company licensed to provide third-party payment services in China.500.com is investing in ordinary shares representing 63.0% of equity interest in Sumpay.cn for a cash consideration of approximately US$35.6 million.consummation of the investment is subject to certain conditions, including the filing of regulatory notices.  Full Article

500.com Ltd announces closing of private placement
Monday, 29 Jun 2015 06:56am EDT 

500.com Ltd:Says closing of its previously announced sale of newly issued ordinary shares to Tsinghua Unigroup International Co., Ltd, subsidiary of Tsinghua Unigroup Co Ltd.Issued 63,500,500 Class A ordinary shares at a price of US$1.95 per share for gross proceeds of about US$123.8 mln.Class A ordinary shares issued are subject to a six-month lock-up period.  Full Article

500.com Ltd enters purchase agreement with tsinghua unigroup international co
Tuesday, 9 Jun 2015 08:25am EDT 

500.com Ltd:Enters purchase agreement with tsinghua unigroup international co for issuance and sale of newly issued ordinary shares of co.Says upon closing, tsinghua unigroup will hold 15.2% of the company's issued and outstanding ordinary shares.Of the company board of directors approved, to appoint weiguo zhao, the chairman of tsinghua unigroup, as a director of the company.Tsinghua unigroup international to purchase 63.5 million newly issued class a ordinary shares of co for about $123.8 million in cash.Unigroup international has agreed to subject all shares it will acquire to contractual lock-up restriction for 6 month after the closing.  Full Article

More From Around the Web

BRIEF-500.Com to acquire Multi Group

* 500.Com Ltd - conditionally agreed to purchase about 93.0% of outstanding shares of Multi Group for total consideration of approximately EUR49.8 million​ Source text for Eikon: Further company coverage: