AGTech subsidiary wins bid for China sports lottery contracts
The bid includes contracts for the Shaanxi province, Zhejiang province and Jiangsu province of China.
Hong Kong listed China-based AGTech has announced its winning bid for a contract supplying sports lottery terminals in China.
AGTech says one of its wholly owned subsidiaries “has recently won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centres in Shaanxi province, Zhejiang province and Jiangsu province of the People’s Republic of China.”
AGTech already has previous success in the China market, having won a bid in 2018 for supplying its new dual, touchscreen lottery terminals to the Chinese provinces of Guizhou, Shanghai and Hebei.
Even before this, AGTech has introduced new instant win games, launched in partnership with Chinese logistics firm SF Holdings across Shenzen, Nanchang, Changsha and Nanjing.
AGTech’s Q1 2024 reports have shown an increase of 118.1% year-on-year revenue, amounting to approximately HK$766.6m (US$98.18m), compared to previous year’s HK$351.4m.
Out of the total, lottery and related business contributed about HK$311m in revenue.
The other contributing sector was electronic payment and related businesses in Macau, which contributed approximately HK$455.6m in revenue.
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