500.com, one of the only two companies approved by the Chinese government for an online lottery pilot project, booked an operating loss of RMB97.3m in Q1, about RMB20m worse year-on-year, while net losses totaled RMB93.2m, up from an RMB70m loss in Q1 2018. The company had cash and equivalents of RMB386.6m at the end of Q1, about RMB50m less than at the end of Q4 2018, so while there’s still some wiggle room, the current trajectory is clearly unsustainable.
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The Story
500.com, one of the only two companies approved by the Chinese government for an online lottery pilot project, booked an operating loss of RMB97.3m in Q1, about RMB20m worse year-on-year, while net losses totaled RMB93.2m, up from an RMB70m loss in Q1 2018. The company had cash and equivalents of RMB386.6m at the end of Q1, about RMB50m less than at the end of Q4 2018, so while there’s still some wiggle room, the current trajectory is clearly unsustainable.
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The largest marketplace and the must-attend event in the gaming entertainment industry in Asia has opened its 13th edition in Macau, expecting 18,000 visitors from around the globe.
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The registrations issued by the U.S. Copyright Office recognize Wright as the author—under the pseudonym Satoshi Nakamoto—of both the white paper and code.
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The crypto exchange has emailed customers asking them if they want to invest—a move that has several experts asking some serious questions about Kraken’s current state.
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Stars Affiliate Club’s affiliate partners will enjoy the benefits of the Income Access platform, which provides robust reporting and tracking features to help in the optimization of acquisition and retention initiatives.
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Congratulations to Chris Lane for winning the final World Series of Poker Circuit Main Event of the season! Lane took down the $1,700 buy-in Main Event in New Orleans, banking the $185,158 first prize along with the final seat into the WSOP Global Casino Championships and the chance to win a bracelet. |
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Inspiration usually comes during work,
