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
domestic merchants network integrity platform, provide all walks of life to join a good project, entrepreneurial projects, rich money business opportunities, business ideas, business guide, join the information industry news etc. detailed introduction of services for the majority of entrepreneurs, is the ideal choice for web entrepreneurs looking for investment, entrepreneurship, join, chain, good project agent. The whole network for their support of the majority of entrepreneurs looking for their own entrepreneurial rich project, the success of your entrepreneurial dreams of wealth!
part of the resources from the network users, if there is any infringement, please contact us, we will deal with you as soon as possible, thank you for your support! Contact QQ:1764783777
(the -www.shang360.com network) copyright Beijing ICP license No. 030831 Beijing Public Security No. 110106003901 -4
A key step of the Business Plan underpinning the new team’s entry into the competition has already been met. New Zealand Rugby Union will receive the remaining plans and information. This details the playing and coaching staff structure, as well as the complete administrative structures implemented to support the team.Super Rugby action from New Zealand (Getty Images)The Fijian Drua already has experience in conducting through a private company structure, after joining the Australian National Rugby Championship in 2017. O’Connor explained that the financial conditions in place are justified by the New Zealand Rugby Union.“We have been aware for some time that we would need to raise capital to meet the financial hurdles. We want the team to be properly capitalised so that it can be in place for twenty years and more. NZ Rugby rightfully insists on there being enough financial resources to sustain team operations even if we have a bad year or two”.FRU Chairman, Conway Beg, hopes that the Fijian Drua joining Super Rugby will benefit the future of the national team. The development of the team will mean players stay in the country, rather than look abroad for playing opportunities.“This is a transformational opportunity for Fiji Rugby,” said Beg. “Once we attract the capital, we can finally bring our best players home. We can keep our best local players and have them together in one place, training and playing together week in & week out, developing combinations. They’ll also have consistent skill development, strength & conditioning support and all of the usual facilities that other Super Rugby teams enjoy in the region. We’re looking forward to bringing the Fijian style of rugby to Super Rugby in 2022 – Fun. Flair. Energy. Unpredictability. I can’t wait!” Fijian Drua are hoping to join the Super Rugby competition for the 2022 season (Getty Images) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS The private investment will help support the club from Fiji compete in the Super rugby competition Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet. Or, subscribe to the print edition for magazine delivery to your door.Follow Rugby World on Facebook, Instagram and Twitter. Investment sought for Fiji Super Rugby teamFiji Rugby Union (FRU) are seeking private investment of NZ$10million (just over £5million) after the path was cleared to field a Fijian team in the 2022 Super Rugby competition. Crucially, the investment will support the team, and also meet a range of financial stipulations imposed by New Zealand Rugby Union.Hoping to host at least six home games in the competition each season, the Fijian Drua’s proposed entry into Super Rugby could welcome teams such as the Chiefs and Crusaders to the Pacific nation. However, this is subject to a private investment essential for the team from Fiji to compete.The stringent stipulations that New Zealand rugby has imposed requires the team to provide financial guarantees for a long term future. Clearly, the Drua’s continued involvement within the competition is a priority.Related: Who will broadcast Super Rugby in the UK in 2021?Working independently from the FRU, Fiji rugby are offering a majority ownership of the club. Therefore, the administration will conduct the club through a separate company structure with its own board of directors.FRU CEO, John O’Connor said “private capital is a fact of life for sporting teams and we are embracing it. We are making sure that Fiji Rugby has an appropriate say in policy and key decisions around the team. We intend to seek NZ$10 million in capital and we’re confident that our proposal will attract strong interest from investors. Ideally, we’d like Fijian investors, although we’re looking for either a single investor or up to four entities to back our team.”
Help by sharing this information News April 7, 2021 Find out more April 22, 2021 Find out more VietnamAsia – Pacific 29.04.2002On 29 April, we learned that Son Hong Pham is being detained at Prison B14, near Hanoi. His wife, Ha Thuy Vu, has not been allowed to visit him since his arrest on 27 March 2002. As a result of pressure and threats, she has been forced to leave their home, together with their two sons. According to The Democracy Club for Vietnam Club, the government has issued a statement in which the dissident is accused of “spying” and “dissemination of anti-state and anti-Vietnam Communist Party documents “. ______________________________________________________________17.04.2002In a letter addressed to the Vietnamese Minister for Public Security, Lieutenant General Le Minh Huong, Reporters Without Borders (Reporters sans frontières – RSF) calls for the release of Vietnamese dissident Son Hong Pham, arrested by police for having written, translated and published on the Internet texts promoting democracy. “This new arrest of a web dissident, the third in just over a month, is a callous confirmation of the Vietnamese authorities’ intention to censure freedom of expression on the Internet”, states Robert Ménard, General Secretary of the organisation. RSF renewed its call for the release of the dissident Le Chi Quang and the ending of the house arrest of the dissident Tran Khue. According to information obtained by RSF, Son Hong Pham, a doctor and sales representative for a pharmaceutical company, was arrested in Hanoi on 29 March 2002. His arrest apparently followed the translation and publication on the Internet of an article entitled “What is democracy?”, which previously appeared on the web site of the United States embassy in Vietnam.On 25 March 2002, Colonel Le Van, a member of the special police unit P4-A25, called at Son Hong Pham’s house and ordered him to report to the special unit. There, the dissident was questioned about his translations of articles from the American embassy’s web site. Shortly afterwards, Son Hong Pham’s home in Hanoi was searched by eight members of the special unit, who confiscated computer equipment and personal papers. On 26 March, Son Hong Pham returned to the police station to claim his personal belongings, but without success. The following day, he published an open letter on the Internet protesting against the illegal search of his home and the confiscation of his personal belongings. Two days later, his family announced that he had “disappeared”. A member of the family confirmed by telephone on 15 April that Son Hong Pham was still being detained. His mother had been allowed to visit him in prison. Son Hong Pham is also the author of a number of articles, including “Democracy promotion: a key focus in a new world order” and “Sovereignty and human rights: the search for reconciliation”, published on the Internet forums Danchu.net and Ykien.net, both dedicated to promoting democracy. On 6 March 2002 he sent one of his articles, entitled “Promising signals for democracy in Vietnam”, to the Secretary-General of the Vietnamese Community Party, General Nong Duc Manh. RSF reminds readers that web dissidents Le Chi Quang and Tran Khue are still being detained after publishing articles criticising the Vietnamese authorities on the Internet. Le Chi Quang, a computer science lecturer who also holds a degree in law, was arrested at a Hanoi Internet café on 21 February 2002 and is being held in camp B14 in the Ha Dong province (in the north of the country). Tran Khue has been under house arrest since 10 March 2002 by virtue of the administrative directive 31/CP. This decision follows the publication on the Internet of a letter addressed to the Chinese leader Jiang Zemin, on the eve of an official visit to Vietnam. to go further News Follow the news on Vietnam Receive email alerts RSF_en News News Three more independent reporters arrested in Vietnam RSF laureates support jailed Vietnamese journalist Pham Doan Trang April 27, 2021 Find out more VietnamAsia – Pacific Organisation Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison April 29, 2002 – Updated on January 20, 2016 A third web dissident arrested