Legal & compliance China-facing lottery solutions provider 500.com has announced that its The Multi Group (TMG) subsidiary has temporarily suspended operations in Sweden after failing to renew its licence.Malta-based TMG had been operating its MultiLotto lottery betting brand in Sweden under a year-long licence, but did not renew the permit before its expiration.However, 500.com said TMG is in close communication with Spelinspektionen, the national gambling regulator in Sweden, with a view to renewing its licence as soon as possible.TMG said it expects to renew its licence and resume operations in the country by mid-February.500.com expects TMG’s contribution to group revenue during the first quarter of 2020 to be both materially and adversely impacted by the suspension of operations in Sweden.TMG revenue accounted for approximately 99.1% of 500.com’s total net revenue for the third quarter of 2019, of which around 61.3% was generated in Sweden. The business was acquired in a €49.8m deal in May 2017. In November 2019, 500.com reported a 67.6% year-on-year decline in third quarter revenue, blaming the decline in part on issues related to the migration to a new website in Sweden.The suspension will comes after 500.com last week revealed that its chief executive had stood aside over accusations of bribery in Japan.500.com said that Zhengming Pan, its director and chief executive, requested to temporarily step away from his positions until the conclusion of an internal investigation into alleged illegal money transfers related to the development of integrated resorts in Japan.500.com has formed a special investigation committee to consider its conduct in Japan and the role played by consultants following the arrest of one consultant, who was also a former director of the company’s subsidiary in Japan, and two former consultants by the Tokyo District Public Prosecutors Office. Multilotto halts Swedish activity after licence expires Tags: Online Gambling Email Address Regions: Europe Nordics Sweden Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Strategy China-facing lottery solutions provider 500.com has announced that its The Multi Group (TMG) subsidiary has temporarily suspended operations in Sweden after failing to renew its licence. 8th January 2020 | By contenteditor
Xinhua News Agency reporter Luo Yufan
delete posts fee is not in place today, tomorrow the price rose "– this domineering exposed the alleged extortion information out there on the computer screen, then report information is recorded……
in the Chinese Internet Illegal Information Reporting Center a 50 square meters of office, call 20 at the same time can be accepted as one falls, another rises, mail and telephone to report the computer 24 hours of uninterrupted processing the information submitted from all over the country.
January 21st, the National Network letter office, Ministry of industry and information technology, Ministry of public security, the State Press and Publication Administration of radio, the four departments jointly launched the network extortion and paid delete posts special rectification work. How to report the acceptance process? How to form network extortion behind the interests of the chain of law? How to layout? The reporter recently visited the network information office, and to Chinese Internet Illegal Information Reporting Center, explore.
10 days to report more than 1500 kinds of extortion network information variety
Chinese Internet Illegal Information Reporting Center staff told reporters that since the special rectification action to carry out the 10 day, the reporting center has received reports of more than 1500, of which more than 800 pieces of mail report, telephone report over 700.
according to the reported clues have been accepted, the implementation of these network extortion and paid delete posts illegal behavior, to the enterprise or individual out of 500 yuan to 3000 yuan ranging from delete posts fees. "They streamline operation, arrogance, secure to rely on." The staff said, "not timely pay, but also increases the threat."
reporter access to a large number of reported information, see extortion tricks:
secretly open country prefix false website. Some websites and personal fraudulent use of the name of state organs or social organizations, secretly open to "China" and "state" as the name of the false news website reported, local government agencies and enterprises put up a pageantry of false information or defamatory reports, for "publicity" and "sponsorship fee" cooperation fee, as deleted relevant reports condition.
open shop open outcry to delete posts". Some network PR company website, and through blogs, forums, micro-blog and other interactive columns in a flagrant way do "advertisement", open shop in some e-commerce sites even openly selling toll delete posts.
to "muckraking" in the name of extortion. Some illegal websites and media to rights, supervision, in the name of negative information extortion muckraking in jina……
network extortion, paid posts has become a social cancer. Since the launch of the action, the masses reported quite enthusiastic, and now every night three or four staff on duty, to accept reports." Report center director Zhang Chenggang said.
in accordance with the reporting center workflow, they received the report, the first time to sort out the relevant reporting information, and then to law enforcement >