AGTech secures additional Chinese lottery contracts

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Beijing AGTech GOT Technology Co has expanded its services to lottery operators in several provinces across China. This includes Henan, Hebei, Zhejiang, Jilin, Hunan, Shanxi, Inner Mongolia Autonomous Region, and Guangdong.

This announcement comes shortly after AGTech was chosen to supply lottery terminals to six other provincial sports lotteries, such as Hubei, Sichuan, and Shandong.

The group expressed its satisfaction with winning multiple tenders in different provinces, municipalities, and autonomous regions this year. This success reaffirms AGTech GOT’s leading position in China’s sports lottery terminal market and highlights its dedication to this sector.

The company also emphasized its commitment to product innovation, safety, and compliance with research and development standards, aiming to contribute to the overall healthy growth of China’s lottery market.

In the first half of 2021, AGTech recorded revenue of HK$77.9m (£7.2m/€8.5m/$10.0m), which is a significant increase of 77.6% compared to the same period last year. Of this revenue, HK$68.7m came from mainland China, while HK$9.2m was generated in Hong Kong.

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

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