Tag Archives 500com

500.com investors file federal class-action lawsuit in New Jersey

by

A group of investors in 500.com have filed a class-action lawsuit against the Chinese sports lottery firm following the emergence of allegations that it may have committed securities fraud in attempting to bribe a prominent Japanese legislator. Massachusetts law firm Block and Leviton LLC revealed via an official Thursday press release that it is ...

500.com forced to temporarily suspend operations in Sweden

by

Already embroiled in a scandal over allegations that it had attempted to bribe Japanese lawmakers and Chinese online sports lottery provider 500.com is now reportedly facing bad news concerning its Swedish iGaming license. According to a Thursday report from Inside Asian Gaming, the Shenzhen-headquartered firm has been forced to temporarily suspended operations in Scandinavia’s ...