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
Robin Li is the leader in the field of Internet search, now has a large company, so his success is how to get, do not worry, today we bring you to teach the seven secrets of success Robin Li.
Robin Li did not follow the flow into the field of electronic commerce, but quietly walked to the still few people interested in Web search. Robin Li warned young people eager to look forward to: there must be two eyes. Follow the trend, catch the tide, you have probably just odds and ends of a meal.
first recruit: look forward to two years
Robin Li was abandoned in the United States with extreme ease doctor cap when the U.S. IT and hard pioneer, is the hottest e-commerce. Many people desperately want to squeeze on this car to be optimistic about the network of trains, and even throw away their familiar industry.
Robin Li did not follow the flow into the field of electronic commerce, but quietly walked to the still few people interested in Web search. Because he sees a huge impact on the Internet world.
Robin Li warned young people eager to look forward to: there must be two eyes. Follow the trend, catch the tide, you have probably just odds and ends of a meal.
second strokes: less promise to honor
"how long will this project be completed?" "6 months." "4 months, will you give me an extra 50%?." "I’m sorry, I can’t do that."
this is a conversation with a client at the beginning of Robin Li. Later, the customer told him about Robin Li’s refusal, he felt very satisfied, because it reflects that Robin Li is a very real and steady, so that his product quality must be guaranteed.
The third measure:
does not need money to borrow money
in the course of business, money all over the world, no money can’t do anything "is able to withstand heavy battering the truth. The Silicon Valley in the United States, both because of the risk investment companies and pioneer rippa every day, every day, because the cash strapped and put up the shutters. Robin Li believes that when you do not need the money to invest in investment.
takes a year to do things for half a year, which is Robin Li’s style. He believes that this will ensure that half of the money is still in their own hands. In such a situation to continue to borrow money from investors, you will be invincible. Because "even if not, my company will not immediately collapse".
"not to take the initiative to the investor, in the business of commendation