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
Tencent, Chongqing and other places police recently prompted 4 types of network fraud
yesterday, Tencent, Nanjing, Xuzhou three joint Chongqing police for the first time disclosed Tencent thunder action to wipe out half results, suggesting that recent and the second half of the 4 types of Internet fraud trends, called on Internet users to improve awareness.
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Tencent and police suggest that the recent three quarter and recruitment fraud information, variety shows such as "the sound" and other fraudulent websites winning the World Cup soccer gambling website phishing information in large numbers.
once every four years the world cup will be opened at the end of the week, Rising Cloud security system and security WiFi products have been intercepted a large number of World Cup soccer gambling phishing sites. This kind of website is well made, claiming to be considerate service, so that Internet users to relax vigilance to their designated account. The interception of phishing website page update speed, daily replacement of different home color and pictures, as well as warm and thoughtful customer service online. Once registered users, less than 5 minutes will receive a phone call from the site, the customer service will guide users how to participate in the game, to persuade users to save money on the site into the game, to win the prize. Fishing website claiming lucrative rewards, coupled with the voice of the customer service is very sweet sweet temptation, Internet users are easily fooled.
rising security experts, if the users win soccer gambling reward want to withdraw money, the website will be to system maintenance, bad bank lines and other excuses to delay the time, but also make customer service staff and to persuade users to continue the game betting until all the money gambled. Some of the more severe manufacturing fake phishing sites directly online banking payment page, steal bank card users account passwords, all the money in the card instant transfer.
in view of the above situation, rising security experts remind, soccer gambling is illegal and highly risky, users not to defy the law.
how to prevent: resolutely protect personal information, not free to disclose personal ID number, bank card number, especially SMS verification code.
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for online shopping, dating sites, sending disguised as samples or private photos of phishing or Trojan link class fraud gradually increased.
how to prevent: do not click on unknown links, do not download unofficial software, mobile phones and computers need to install security software.
specifically for accounting and financial personnel the painted fraud cases gradually rise, criminals disguised as partners, trick play money.
how to prevent: before the transfer must make a phone call or video call confirmation.
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class scam taking personal information will be further upgraded, such as by card transfers, ticket unsubscribe, require a bank card number, ID number and SMS verification code.
how to prevent: must be sure to make a phone call or video call before transfer