International edition
September 19, 2020

USD 55.5M deal

500.com acquires Multi Group

500.com acquires Multi Group
The Chinese online lottery operator announced the purchase of a majority stake in Malta-based lottery and casino provider Multi Group.
China | 05/30/2017

The Chinese online lottery operator announced the purchase of a majority stake in Malta-based lottery and casino provider Multi Group.

P

rimarily 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. 

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. 

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. 

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