Compliance Updates

500.com Restarts Operations in Sweden

Published

5 years ago

September 11, 2020

Niji Narayan

Reading Time: < 1 minute

The Multi Group (TMG), a Malta-based subsidiary of the China-based online lottery service provider 500.com Limited has resumed its operations in Sweden.

The company has obtained a renewal of its e-Gaming license for two years for secondary lottery and casino from Sweden’s e-Gaming regulatory authority.

Revenue created by TMG amounts to 89.7% of the Company’s total net revenues last year. Revenue from Sweden accounted for 61.3%.

Related Topics:500.com Sweden The Multi Group TMG

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.