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AGTech wins another seven sports lottery terminal tenders in China

| By Robert Fletcher
Beijing AGTech GOT Technology, the Chinese arm of lottery solutions platform AGTech Holdings, has won a further seven tenders to provide sports lottery terminals across the country.

The agreements will see AGTech GOT supply its technology and services in the Gansu, Zhejiang, Henan, Hebei and Jiangsu province, as well as the Shanghai and Tianjin municipalities.

AGTech GOT has won a series of similar tenders in other regions in China, the most recent of which saw it secure eight contracts to provide services to lottery operators in Henan, Hebei, Zhejiang, Jilin, Hunan, Shanxi, Inner Mongolia Autonomous Region and Guangdong.

“AGTech GOT has won many tenders in various provinces, municipalities and autonomous regions across China, which reaffirmed the hardware division’s continued dedication to and leading position in China’s sports lottery terminal market, demonstrating the continued effort and competitiveness of AGTech’s lottery terminals,” AGTech 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.”

The tender wins come after AGTech in November last year revealed revenue for the three months to 30 September increased 7.7% – helping the business slash its net loss – amid a wider improvement in Chinese lottery sales.

Revenue for the third quarter of 2021 grew to HK$67.0m (£6.3m/€7.6m/$8.6m) – almost as much as it generated in the first six months of the year.

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