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AGTech wins eight more Chinese lottery deals

| By Richard Mulligan
Lottery solutions platform AGTech Holdings’s Chinese subsidiary has won tenders to supply terminals to eight more provincial sports lotteries in the country.

Beijing AGTech GOT Technology Co will provide its services to lottery operators in Henan, Hebei, Zhejiang, Jilin, Hunan, Shanxi, Inner Mongolia Autonomous Region and Guangdong.

The announcement comes just two months after AGTech was nominated to supply lottery terminals to six other Chinese provincial sports lotteries, including Hubei, Sichuan and Shandong.

Commenting on the tender successes, the group said: “AGTech GOT has won many tenders in various provinces, municipalities and autonomous region across China this year, 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 will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.”

AGTech recorded revenue figures of HK$77.9m (£7.2m/€8.5m/$10.0m) for the first half of 2021, representing a 77.6% increase on the same period last year. HK$68.7m of the revenue came from the mainland People’s Republic of China, while the remaining HK$9.2m was raised in Hong Kong.

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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