{"id":16434,"date":"2021-03-31T15:44:47","date_gmt":"2021-03-31T15:44:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16434"},"modified":"2026-04-23T20:41:23","modified_gmt":"2026-04-23T23:41:23","slug":"500-com-acquires-shares-in-loto-interactive","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/500-com-acquires-shares-in-loto-interactive","title":{"rendered":"500.com acquires shares in Loto Interactive"},"content":{"rendered":"\n<p>500.com Limited has announced the completion of its acquisition of a stake in Loto Interactive for HK$105m ($13.5m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>China.- The Chinese sports lottery services provider<strong> 500.com<\/strong> has announced that it has completed its previously announced subscription for 169,354,839 shares of<strong> Loto Interactive Limited.<\/strong><\/p>\n\n\n\n<p>The company now owns <strong>54.3 per cent of Loto Interactive<\/strong>, which provides lottery-related services and data analysis and storage services.<\/p>\n\n\n\n<p>In December, 500.com announced <strong>its entry into the cryptocurrency sector <\/strong>starting a transformation from online lottery company into a cryptocurrency mining enterprise.<\/p>\n\n\n\n<p>The company also confirmed the <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/500-com-completes-acquisition-of-bitcoin-mining-machines\" target=\"_blank\">acquisition of bitcoin mining machines from the US<\/a><\/em> in exchange for an aggregate of <strong>11,882,860 newly issued Class A ordinary shares <\/strong>valued at US$1.21 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>500.com Limited has announced the completion of its acquisition of a stake in Loto Interactive for HK$105m ($13.5m).<\/p>\n","protected":false},"author":176,"featured_media":16435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"500.com Limited has finalized its acquisition of a 54.3% stake in Loto Interactive for HK$105m, expanding its lottery-related services and data analysis capabilities. Concurrently, 500.com is executing a strategic pivot from online lottery into cryptocurrency mining, having acquired Bitcoin mining machines in exchange for shares.","focusai_entities":"500.com Limited, Loto Interactive Limited","focusai_location":"China, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), tech_data (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Loto Interactive?","query":"What are the immediate operational and strategic implications for Loto Interactive's existing lottery services and data analysis business under 500.com's majority ownership, particularly given the acquirer's pivot to cryptocurrency?"},{"label":"Crypto Pivot Strategy?","query":"How does 500.com intend to leverage its existing capital markets and operational expertise from the iGaming sector to mitigate risks and optimize returns within the highly volatile and capital-intensive cryptocurrency mining vertical?"}],"footnotes":""},"categories":[157,16338],"tags":[1758,23919,3573],"class_list":["post-16434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-500-com","tag-cryptocurrencies","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16434"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16434\/revisions"}],"predecessor-version":[{"id":16472,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16434\/revisions\/16472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16435"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}