{"id":129,"date":"2024-06-15T03:29:14","date_gmt":"2024-06-15T00:29:14","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/"},"modified":"2024-06-17T13:09:46","modified_gmt":"2024-06-17T10:09:46","slug":"500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/","title":{"rendered":"500.com Bets on Blockchain and Bitcoin After Mixed 2020"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/CqHlIhQifZg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>500.com, an internet-based sports lottery service in China, experienced a slight recovery in the latter part of 2020.  Their final quarter earnings rose 5% compared to the previous year, reaching 9 million yuan (approximately $1.4 million USD). This uptick was a positive change after their third-quarter earnings had fallen to 6.1 million yuan.<\/p>\n<p>Although the business is still in the red, there are signs of progress. Their fourth-quarter operational deficit decreased substantially year-on-year, and their overall losses also contracted considerably in comparison to 2019.<\/p>\n<p>Despite this, the complete financial statement for 2020 presents a less optimistic view.  500.com&#8217;s overall earnings for the year actually diminished compared to the preceding year.<\/p>\n<p>In a noteworthy shift, 500.com is redirecting its attention towards blockchain technology and digital currency. They have already increased their investment in Lotto Interactive, an organization engaged in Bitcoin mining, and are in a position to become Lotto Interactive&#8217;s controlling stakeholder.  Furthermore, they have secured an agreement to acquire a substantial quantity of Bitcoin mining equipment.  It appears 500.com is making a significant wager on the future of digital currency! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>500.com, an internet-based sports lottery service in China, experienced a slight recovery in the latter part of 2020. Their final quarter earnings rose 5% compared to the previous year, reaching 9 million yuan (approximately $1.4 million USD). This uptick was a positive change after their third-quarter earnings had fallen to 6.1 million yuan. Although the [&hellip;]<\/p>\n","protected":false},"author":43,"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 Sees Late 2020 Upswing: Is This a Turning Point?<\/title>\n<meta name=\"description\" content=\"Chinese sports lottery platform 500.com saw a 5% revenue increase in Q4 2020, reaching 9 million yuan. While still operating at a loss, could this recent upswing signal a turning point for the company? Dive in to learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"500.com Bets on Blockchain and Bitcoin After Mixed 2020\" \/>\n<meta property=\"og:description\" content=\"Chinese sports lottery platform 500.com saw a 5% revenue increase in Q4 2020, reaching 9 million yuan. While still operating at a loss, could this recent upswing signal a turning point for the company? Dive in to learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in Licensed Casino Fun &amp; Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T00:29:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:09:46+00:00\" \/>\n<meta name=\"author\" content=\"Brandon &quot;Blitz&quot; Morris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brandon &quot;Blitz&quot; Morris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/\",\"url\":\"https:\/\/digits7promocode2024.icu\/2024\/06\/15\/500-com-bets-on-blockchain-and-bitcoin-after-mixed-2020\/\",\"name\":\"500.com Sees Late 2020 Upswing: Is This a Turning Point?\",\"isPartOf\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#website\"},\"datePublished\":\"2024-06-15T00:29:14+00:00\",\"dateModified\":\"2024-06-17T10:09:46+00:00\",\"author\":{\"@id\":\"https:\/\/digits7promocode2024.icu\/#\/schema\/person\/b68d3bf6746d78f38e3cd0a98f0043f2\"},\"description\":\"Chinese sports lottery platform 500.com saw a 5% revenue increase in Q4 2020, reaching 9 million yuan. 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