500.com reveals major $8.6m loss during 2020 4th quarter

500.com is an online sports lottery provider based in China that recently revealed a huge loss in the last quarter of 2020. The company reported a net loss of $8.6 million in the quarter ending on December 31, 2020. This was an improvement, however, from the $50 million loss in the fourth quarter of 2019. […]

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