The Hong Kong-listed firm AGTech has confirmed that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co Ltd, has won seven sports lottery terminal procurement bids.
Expanding its presence in the Chinese lottery market, AGTech won procurement bids in Gansu province, Shanghai municipality, Tianjin municipality, Zhejiang province, Henan province, Hebei province and Jiangsu province of the People’s Republic of China.
This follows the firm’s strategy to penetrate the Chinese market, signified from a series of successful tenders in the past twelve months, which have reaffirmed its position as a market leader in the Chinese sports lottery market.
AGTech stated that the announcements prove its ‘continued dedication to and leading position in China’s sports lottery terminal market, demonstrating the continued effort and competitiveness of AGTech’s lottery terminals.’
Furthermore, it stressed that it would ensure safety and R&D compliance would be of significant importance going forward, whilst contributing to ‘the healthy development of the Chinese lottery market.’
The firm’s latest set of accounts, filed in November for the first nine months of 2021, displayed that total group revenue reached HK$144.9m, representing an increase of approximately 36.6% over the corresponding period in 2020.
It attributed a large portion of the success to lottery hardware sales and services, provision of distribution and ancillary services.