SHENZHEN, China, September 26, 2014 /PRNewswire/ — 500.com Limited (NYSE: WBAI) (“500.com” or the “Company”), a leading online sports lottery service provider in China, today announced that is has been accepted as an associate member and Gold Contributor to the World Lottery Association (“WLA”) Summit 2014 in Rome, Italy which will take place on November 2-5, 2014.
The WLA is a member-based organization to advance the interests of state-authorized lotteries. The WLA has members from more than 80 countries covering six continents. All members must adhere to the strictest standards of social responsibility and corporate transparency, accountability and professionalism. Annual revenue from WLA members exceeds US$200 billion.
Mr. Jim Yu, Vice President of 500.com commented, “We are extremely pleased to announce that 500.com is joining the WLA as an associate member and Gold Contributor to the WLA Summit 2014 in Rome next month. Our acceptance demonstrates our world-class expertise and professionalism in the global lottery industry and our commitment to upholding the highest standards of corporate governance and transparency that companies listed on the New York Stock Exchange are known for. The WLA is the ideal platform for the Company to share its knowledge and experience with the international community gathered at the summit. “
The Company became an associate member of the Asia Pacific Lottery Association (“APLA”) in April 2014 and a Silver Sponsor of the APLA Annual Regional Conference which will be held in October 2014.
About 500.com Limited
500.com Limited (NYSE:WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that have been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in charge of the issuance and sale of sports lottery products in China. According to iResearch, the Company had the largest market share among online lottery service providers for the first six months of 2013, in terms of the total purchase amount of sports lottery products.
Safe Harbor Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For more information, please contact:
Mr. Christian Arnell
Ms. Linda Bergkamp