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
in the life in order to avoid the thunder and lightning attack, we live the house to be normal, all is needs in the home the power source, the mortgage on the earth wire to ensure the security. Live in Hangzhou Xiang Chao Ming Street stone village 4 Shu aunt bought a new kitchen Po, but the installation of home, found her socket without ground, can not be installed. Moreover, it is not only their home, is the entire unit floor, there is no grounding. Master inadvertently also said: Hangzhou in 2000 before the old house, the basic is not installed ground. In 2000, how many people involved? Shu aunt worried, Hangzhou mayor hotline 12345 reflects the matter.
house no grounding wire
bought a new kitchen Po not
"I’m calling, not to complain. Just feel that this is a big problem, I hope to be able to lift the old house, like the same, there must always be first put forward, we together to promote solutions." During the interview, Shu aunt several times to the Qianjiang Evening News reporter stressed.
Shu aunt 72 years old, moved into the house has been for more than and 10 years. The house should be built around 1987, the housing reform housing, a total of 6. Because the body joints are not good, always hurt, the back is also loaded with steel plate, so the four seasons do not touch cold water.
at the end of last year, nearly ten years with the kitchen kitchen Po is broken. Shu aunt pick for a long time, spend 758 yuan in December 27th, Suning Appliance Qingchun store bought a AO Smith kitchen po. Because it has a maximum capacity. However, in January 8th this year to install the master door, the instrument into the socket of a test: no grounding.
Master said: there is no grounding, the company is not installed, or aunt you back it." But for Aunt Shu, kitchen water is just need ah. Master and knock on a neighbor in the house, and tested the same, no ground.
Shu aunt home there is a Smith water heater, used for many years. Why can be installed before, can not now? Master said that the past is the past, and now the country out of the mandatory provisions of high-power appliances must be grounded in order to install.
aunt can only be disappointed to let the teacher go. Before leaving the master also said, in 2000 before the old house, basically not ground. It worried her.
temporary lightning rod
experts say there are hidden
this house, Shu aunt has passed away his wife decoration, he was an electrician. At night, the son of Li Shu aunt invited their own electrician to check the circuit, found the room is packed with a wire, and the installation is recommended