By Michael Han, Guest Contributor A 41% rip in the stock price of 500.com Limited ADS (NYSE:WBAI) in two days, since announcing what can only be described as a lousy quarter that missed consensus and even worse guidance (zero revenue as long as […]
GeoInvesting has spent the last couple of weeks trying to determine what the status of operations at Chinese online lottery service provider 500.com (WBAI) is. Conflicting reports have led us to examine theories that the company could be operating normally […]
500.com Limited (WBAI) issued a press release this morning announcing that the company was informed on February 28th that “the remaining provincial sports lottery administration centers to which the Company provides sport lottery sales services” plan on temporarily suspending online purchasing […]
500.com continues to fall on Chinese lottery sale regulation rumors, bringing up the question of whether lottery sales in China will remain legal. GeoInvesting believes to have narrowed the cause of the sell-off to a column from a Chinese website […]
Our on the ground due diligence, data we’ve reviewed, and conversations with other analysts who closely follow 500.com Limited (WBAI) indicate to us that the company could handily beat its financial estimates for Q4 2014, presenting an opportunity in 500.com […]