AGTech GOT, the Chinese division of lottery solutions provider AGTech Holdings, has secured numerous contracts to supply additional sports lottery terminals throughout China.
AGTech GOT will be supplying terminals in Guangxi, Inner Mongolia, Yunnan, Sichuan, Jiangsu, Hainan, and Hubei.
These recent victories expand AGTech GOT’s reach in the Chinese sports lottery terminal market. The firm already possesses a substantial number of comparable agreements in China.
They inked a deal earlier this year to provide technology and services in Gansu, Zhejiang, Henan, Hebei, and Jiangsu, as well as Shanghai and Tianjin.
AGTech stated, “AGTech GOT has secured numerous bids in provinces, municipalities, and autonomous regions across China. This demonstrates the hardware division’s dedication to the Chinese sports lottery terminal market. It also reflects the ongoing efforts and competitiveness of AGTech lottery terminals.”
In May, AGTech announced that their first-quarter revenue for 2022 was HK$35.3 million. This represents a 70.2% increase from the same period last year.
AGTech credits this expansion to a surge in Macau lottery equipment sales, lottery distribution and supplementary services, alongside the provision of electronic payment solutions.
Lottery equipment sales saw an increase of HK$9.4 million, while lottery distribution and supplementary services revenue also climbed by HK$4.7 million, leading to China’s lottery revenue hitting RMB 86.27 billion in the initial three months of 2022, representing a 2.0% year-over-year rise.
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