500.com subsidiary enters agreement with Tianjin Sports Lottery Center
500.com announced that, Shenzhen E-Sun Sky Network, a subsidiary of a consolidated affiliated entity of the company, and the Tianjin Municipality Sports Lottery Administration Center entered into a cooperation agreement, under which Tianjin Sports Lottery Center shall support the company to assist in developing physical sales channels in Tianjin, in order to enhance the convenience of sports lottery ticket purchases, enlarge customer base and optimize user experience for lottery purchasers. The company shall develop and operate the physical sales channels in accordance with local development plans for sports lottery business and requests of Tianjin Sports Lottery Center, leveraging the strength and experience in user operation and information provision and assisting Tianjin Sports Lottery Center on the marketing of sports lottery brand, products and activities, etc. Tianjin Sports Lottery Center agrees that E-Sun Sky shall establish several physical sales channels of sports lottery tickets and start trial operation. The trial operation period is one year starting from the date of the agreement. A cooperation agreement for formal operation could be signed at any time when both parties are satisfied with the trial operation. The duration of the agreement shall not exceed 3 years for trial operation and formal operation combined.Tianjin Sports Lottery Center is under the jurisdiction of Tianjin Municipality Sports Bureau, and is in charge of the issuance, sales and administration of sports lottery products in Tianjin area.