500.com buys Multi Group

Under the terms of the deal, the company will acquire 93% of Multi Group, which operates the lottery betting website Multilotto.com, subject to approval by regulatory authorities.

Primarily operating in the Scandinavian region, Multi Group have secured remote gambling licences in Malta, remote operating licences in the UK and a remote bookmakers licence in Ireland.

At present its Multilotto.com platform does not accept bets from US and Chinese bettors, but this may change in the future as a result of its acquisition.

500.com have also announced the purchase of a 40.65% share in MelcoLot Limited at a cost of $41.3m, a deal which will see the Melco group end its involvement with the company.

Based in Hong Kong, MelcoLot Limited provide network infrastructure services and serve as the principle distributor of retail lottery terminals for China’s official welfare and sports lotteries. The company is currently part of the Melco International group, one of the largest casino gambling operators in Asia.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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