Lottery and integrated technology and services company AGTech Holdings Limited (AGTech) has announced that one of its wholly-owned subsidiaries has recently won several lottery terminal procurement tenders in mainland China.
The company’s board of directors announced that the subsidiary has secured contracts to supply lottery terminals to the Sports Lottery Administration Centres in the provinces of Shaanxi, Zhejiang, and Jiangsu.
The company added that this latest development underscores its ‘commitment to the lottery hardware market in China’.
As an integrated lottery technology and services provider, AGTech Holdings operates across various aspects of the industry, including the development and provision of lottery hardware and software, lottery systems and game design, as well as the supply of lottery terminals.
The company reported a profit of more than HK$22 million (approximately $2.8 million), with a significant portion of the earnings generated by the financial success of its Macau Pass Holding subsidiary.
AGTech Holdings’ expansion efforts have also been remarkable. In the previous year, the group won tenders to supply hardware lottery for multiple provinces, including Anhui, Guizhou, Sichuan, Hunan, Hubei, Fujian, Jiangsu, Zhejiang, Shandong, and Guangdong.