AGTech lands sports lottery contracts in Zhejiang and Henan

AGTech Holdings has secured two new contracts to provide sports lottery terminals in the Chinese provinces of Zhejiang and Henan.

Under the deals, both of which were agreed through AGTech’s Beijing AGTech GOT Technology subsidiary, AGTech will supply the terminals to the sports lottery administration centres in each of the provinces.

The agreements come after AGTech in September secured similar contacts in Jiangsu and Heilongjiang. AGTech has this year also signed deals in Guizhou, Anhui, Guangdong, Hainan, Guangxi and China's capital Beijing.

“So far, AGTech GOT has already won many tenders in various provinces, municipalities and autonomous region across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry,” AGTech chairman and chief executive John Sun said.

“AGTech will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China's lottery market.”

Last month, AGTech revealed a 3.5% rise in third quarter revenue to HKD$70.3m (£6.8m/€8.1m/$9.0m), but fair value changes related to its 2014 purchase of lottery hardware supplier Score Value offset lower operating costs, leading to a drop in profit for the period.