[December 28, 2020]
500.com Limited Announces Management Change
SHENZHEN, China, Dec. 28, 2020 /PRNewswire/ 500.com Limited (NYSE: WBAI) ( 500.com or the Company ), an online sports lottery service provider in China, today announced that Mr. Zhaofu Tian has resigned as Chief Technology Officer of the Company due to personal reasons, effective December 31. The Company has no plan to appoint a successor at this point.
About 500.com Limited
500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority tha
Global Online Gambling Market Revenues Expected to Double in Upcoming Years
PALM BEACH, Fla., Dec. 22, 2020 /PRNewswire/ The shutting down of the casinos in Las Vegas and around the world, because of the pandemic, hasn t really hurt the market, due to the rapid expansion of online options. In fact, experts project that its rate of growth will be substantial in the near future and beyond. A report from Statista said that: The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars,
Palm Beach, FL – December 22, 2020 – The shutting down of the casinos in Las Vegas and around the world, because of the pandemic, hasn’t really hurt the market, due to the rapid expansion of online options. In fact, experts project that its rate of growth will be substantial in the near future and beyond. A
report from Statista said that: “The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars,
meaning the size is forecast to double in the upcoming years.” Their report continued: “Online gambling consists of playing casino games, poker and/or sports betting via the internet. Due to factors such as the advancement of technology available (for example smartphones and apps), higher trust of gamblers paying online, and the increasing digitization of the world, the online gambling market is seeing growth in many regions. After sports betting was lega
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