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
on the price of housing is not only a matter of concern to the vast number of buyers, the majority of investors are also very concerned about, of course, the relevant local government. About the recent real estate market in Shanghai, the island girl friend a black head said, just put together the first payment is not enough. Shanghai night launched the new deal, the first set of housing Shoufu ratio of not less than 35%; in the city has 1 homes, or in the city without housing but housing loans of households, for commercial loans since the purchase of ordinary housing, the first payment of not less than 50%; the purchase of non ordinary housing, the first payment the ratio of not less than 70%.
, such as Tianjin, residents first suite of business loan lowest Shoufu ratio is 30%, there are 1 sets of housing and housing loans outstanding to households, the minimum down payment ratio of 40%; Ji’nan, the bank suspended the individual business loans to 11 at the end of December, the policy is still unknown.
on the previous round of regulation in the "eleven" before and after. That is to say, just less than two months, these places began a new round of regulation overweight.
compared to last year’s stock market madness, in October this year, the property market is also a fight.
data show that in September this year, 70 large and medium-sized city has 63 city prices rose, 23 city home prices rose more than 2%; Hangzhou, Fuzhou, Ji’nan, Zhengzhou, Wuxi 5 city, an increase of more than 5%, refresh the record set in August. Among them, Wuxi to 8.2% of the figures, ranked first in the list.
under this background, the government released around the property market regulation trick logic to understand. Then the October Bureau of statistics data, the market response is very complex and price down.
not long ago, some cities prices rebound rebound signs. The spirit of "prices if you are well, it is a bolt from the blue" principle, add to a real natural policy; government regulation’s determination and urgency obviously. At the same time, near the end of the year, Paul GDP goals this year there should be certain, therefore the regulation of overweight, actually have a policy space.
nothing more than the property market has been too high leverage and excessive growth in housing prices. According to expert estimates, Chinese to the present situation of the construction and population around compared to, if it is occupied by the single demand, prices are generally not sharply, a year rose 10%, 15%, or is reasonable self living demand driven.
prices once more than one year or 30%, big recommendation