{"id":20,"date":"2024-06-10T23:44:25","date_gmt":"2024-06-10T20:44:25","guid":{"rendered":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/10\/500-com-sees-late-2020-rebound-shifts-focus-to-blockchain-and-cryptocurrency\/"},"modified":"2024-06-12T10:51:45","modified_gmt":"2024-06-12T07:51:45","slug":"500-com-sees-late-2020-rebound-shifts-focus-to-blockchain-and-cryptocurrency","status":"publish","type":"post","link":"https:\/\/slotmadness100nodepositbonuscodes.icu\/2024\/06\/10\/500-com-sees-late-2020-rebound-shifts-focus-to-blockchain-and-cryptocurrency\/","title":{"rendered":"500.com Sees Late 2020 Rebound, Shifts Focus to Blockchain and Cryptocurrency"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tsvgK_cb8pc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Chinese digital sports wagering service, 500.com, experienced a slight recovery in the latter part of 2020.  Their income for the final quarter of 2020 hit 9 million yuan (approximately $1.4 million), a 5% rise compared to the corresponding timeframe in 2019.  This also represented a notable surge from the third quarter of 2020, which witnessed income of 6.1 million yuan.<\/p>\n<p>Notwithstanding this encouraging development, the firm still declared an operational deficit of 51.4 million yuan for the fourth quarter.  Nevertheless, this constituted a marked enhancement from the considerable deficit of 307.1 million yuan during the parallel period in 2019.  The enterprise&#8217;s total net deficit for the year also diminished from 322.7 million yuan in 2019 to 56.1 million yuan in 2020.<\/p>\n<p>Examining the entirety of the year, 500.com disclosed a combined income of 21.8 million yuan, a reduction from the 39.7 million yuan acquired in 2019.<\/p>\n<p>Intriguingly, 500.com has been undertaking actions to transition its concentration toward blockchain and digital currency.  They&#8217;ve formalized an arrangement to procure a substantial quantity of Bitcoin extraction devices, indicating a potential shift in trajectory for the enterprise.  This follows closely behind an agreement to augment their share in Lotto Interactive, an entity possessing expertise in Bitcoin extraction. It appears 500.com is diversifying its investments in the prospects of cryptocurrency. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese digital sports wagering service, 500.com, experienced a slight recovery in the latter part of 2020. Their income for the final quarter of 2020 hit 9 million yuan (approximately $1.4 million), a 5% rise compared to the corresponding timeframe in 2019. This also represented a notable surge from the third quarter of 2020, which [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>500.com Bounces Back: Q4 2020 Shows Revenue Growth<\/title>\n<meta name=\"description\" content=\"Despite a challenging year, 500.com saw a promising end to 2020 with a 5% revenue increase in Q4. Is this a sign of recovery for the digital sports wagering service? 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