AGTech wins Sports Lottery terminal bids in 6 Chinese provinces

| By Marese O'Hagan
Lottery solutions platform AGTech Holdings has won tenders to supply lottery terminals to six provincial Sports Lotteries.

The supplier’s Beijing AG GOT Technology subsidiary will provide the terminals to lotteries in Guangxi Zhuang Autonomous Region, Fujian, Jiangsu, Hubei, Sichuan and Shandong.

The deal will allow AGTech GOT to provide lottery solutions and advanced product development to the operator.

Other recent contract wins, in June 2020 and September 2020, saw it supply devices to Sports Lotteries in Anhui, Shanxi, Jilin, Hubei, and Guizhou, along with Hebei, Fujian, Sichuan and Zhejiang and the municipality of Tianjin.

A drop in hardware sales, caused by manufacturing delays and the novel coronavirus (Covid-19) pandemic, affected AGTech’s revenue in its full year 2020 results.

However, the company managed to reduce its losses and gained a total of 16 lottery hardware tender deals in total.

In its April results, Sports Lottery sales totalled CNY17.93bn (£2.0bn/€2.3bn/$2.7bn), a 56.3% year-on-year rise.

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