LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of 500.com Limited (“500.com” or the “Company”) (NYSE:WBAI) concerning possible violations of federal securities laws. The investigation is focused on the Company’s business, operations and financial prospects.
Please contact Casey Sadler at 888-773-9224 or 310-201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
500.com provides online sports lottery services in the People’s Republic of China. The investigation is related to the Company’s February 25, 2015, announcement that certain provincial sports lottery administration centers to which the Company provides sport lottery sales services plan to temporarily suspend accepting online purchase orders for lottery products.
According to the Company, the centers plan to temporarily suspend accepting online purchase orders for lottery products starting from February 25, 2015, “in response to the Notice on Issues Related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, which was jointly promulgated by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports of the People’s Republic of China on January 15, 2015.” Following this news, shares of 500.com fell nearly 22% during intraday trading on February 25, 2015
If you purchased shares of 500.com, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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