Struggling online gambling operator 500.com gets nod to restart Swedish-licensed Multilotto ops after eight-month suspension.
500.com lost $91m in 2019, has less than $52m cash left, and still can't renew Swedish license of online casino that provides 99% of revenue.
500.com suspends MultiLotto's Swedish ops after failing to renew license before expiration; Global Gaming still trying to overturn license revocation.
Former Chinese online lottery operator 500.com loses another $13.8m in Q3 as it shuts its Malta- and UK-licensed Multilotto online casino operations.
Malta-based Multilotto announced a partnership with Pragmatic Play, helping the company further enhance and expand their casino vertical.
Multilotto has teamed up with Direkten as they launch a new in-store gaming platform, rolled out to 30 shops across Sweden.
As Multilotto’s Chief Growth Officer, Alex Sakota, joins the panel at the London Affiliate Conference, Multilotto launches its Affiliate site.
Multilotto has appointed the former Chief Financial Officer, Christian Hellbjer as CEO and the appointment of Mark Knighton as Head of Operations.
The Swedish Gaming Authority (SGA) announced that Multilotto has been granted a Swedish license to operate as from the 1st of January, 2019.