AGTech Holdings

    AGTech Holdings is a virtual sports betting system & game provider and the largest sports lottery terminal manufacturer/supplier in China. The Group is principally engaged in (i) gaming technologies (game software, systems, hardware and terminals); (ii) online and mobile lottery; and (iii) lottery management. The Group is committed to applying international management concepts and advanced technologies to the lottery industry in various areas such as lottery systems, lottery hardware, lottery games, internet and mobile phone distribution & systems, wireless network and streaming media, thereby providing China’s lottery authorities and millions of lottery players in China with professional, integrated lottery services.Through Asia Gaming Technologies Limited and its subsidiaries, the Group’s joint venture with Ladbroke Group, the Group has developed and successfully launched China’s only nationally-approved virtual fixed odds sports betting system as well as its first games, “Lucky Racing” and “e-Ball Lottery”.The Group has a team of over 200 professionals and the footprint of its lottery business now covers over 80% of the provinces and municipalities across China. It is a member of the World Lottery Association (WLA) and the Asia Pacific Lottery Association (APLA).

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    AGTech swings to loss in Jan-Sept period

    Lottery service provider AGTech Holdings posted a loss of HK$73.1 million (US$9.3 million) for the first nine months of 2019, due mainly to several non-cash and non-operating items relating to the fair changes of convertible bonds and the contingent consideration payables related to its acquisition of Score Value in 2014.  Revenue of the group fell […]

    AGTech wins lottery projects in Jiangsu and Heilongjiang

    AGTech Holdings on Monday announced that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the sports lottery terminal procurement bidding projects in Jiangsu and Heilongjiang provinces in China. The lottery terminals will be supplied to the sports lottery administration center of the two provinces.   John Sun, chairman and CEO of AGTech said, […]
    AGTech lottery tickets

    AGTech swings to H1 loss, revenue declines

    AGTech Holdings posted a loss for the first half of 2019 and said revenue declined by 22.7 percent due to lower lottery hardware sales.

    AGTech wins lottery procurement tender

    Chinese lottery supplier AGTech Holdings Limited on Wednesday announced that one of its wholly-owned subsidiaries has won the lottery terminals procurement tenders to supply lottery terminals a number of provinces in China. Under the contract, AGTech will supply sports lottery terminals to Sports Lottery Administration Centres in Anhui province, Guizhou province, Beijing, Tianjin, and Sports […]

    AGTech gets China Sports Lottery AR contract

    AGTech Holdings says one of its units have been awarded a contract for a research, development and operation project for augmented reality products for the China Sports Lottery.
    AGTech lottery tickets

    AGTech swings to Q1 loss, though revenue gains

    AGTech Holdings, which provides lottery hardware, games, systems and services in Mainland China, swung to a loss for Q1 due to non-operating items relating to the fair value changes in convertible bonds and other items.

    AGTech unit gets Guangxi lottery contract

    Hong Kong-listed AGTech Holdings said its Beijing AGTech GOT Technology unit has won the tender to supply lottery terminal to the Sports Lottery Administration Center in the Guangxi Zhuang Autonomous Region of China.

    AGTech secures sports lottery technical service supply contract

    China lottery service provider AGTech has announced it has successfully won the bid to provide certain technical services to the China Sports Lottery. In a filing to the Hong Kong Stock Exchange, AGTech said the services related to an integrated security access platform infrastructure framework. John Sun, chairman and chief executive officer of AGTech, said, […]

    AGTech adds to sports lottery gains

    AGTech Holdings said its Beijing AGTech GOT Technology Co. has won the lottery hardware tenders to supply lottery terminals to the Sports Lottery Administration Center in Zhejiang province and Hubei province.

    AGTech swings to profit on non-cash and non-operating items

    China lottery supplier AGTech Holdings swung to a profit of approximately HK$157.3 million  (US$20 million) for the six months ended June 30, 2018. AGTech said the swing to profit was mainly attributable to several non-cash and non-operating items related to convertible bonds and contingent consideration payables under the Score Value Transaction. Total revenue for the […]
    AGTech lottery tickets

    AGTech wins bid from Hebei Provincial Sports Lottery Administration Center

    AGTech Holdings Limited is pleased to announce that the Company won an open bidding from Hebei Provincial Sports Lottery Administration Center to jointly launch a marketing and promotional campaign for Big Lotto. The winning bid marks another partnership with a provincial lottery center after one with Jilin Provincial Sports Lottery Administration Center. In August 2018, […]

    AGTech enters strategic cooperation with Jiangsu Lottery

    AGTech Holdings has announced it has entered into a strategic cooperation framework agreement with Jiangsu Province Sports Lottery Administration Center. Under the cooperation, Jiangsu Province Sports Lottery Administration Center and AGTech will work together to actively promote innovation in the lottery and accelerate the marketing and promotion as well as the R&D of the lottery […]

    AGTech wins Henan lottery contract

    AGTech Holdings has won another contract to supply lottery terminals in China, this time to the Sports Lottery Administration Center in Henan.

    AGTech initiates strategic cooperation with Guangdong Lottery

    AGTech Holdings has entered into a three-year strategic cooperation framework agreement to carry out marketing and promotion, sales and operations of China Sports Lottery throughout the offline channels of its parent Alibaba Group in the Guangdong Province. In the afternoon of June 6, AGTech and Guangdong Province Sports Lottery Center jointly hosted a ribbon-cutting ceremony […]

    AGTech Holdings’s new model wins sports lottery tenders

    AGTech Holdings said its wholly-owned subsidiary, Beijing AGTech GOT Technology Co has won three lottery hardware tenders with its new lottery terminal to supply the China Sports Lottery in the Guizhou, Shanghai and Hebei.

    AGTech teams with Jilin on lottery marketing

    AGTech Holdings has teamed with Jilin Provincial Sports Lottery Center to jointly launch a marketing and promotional campaign during the 2018 World Cup to enhance the brand awareness of China Sports Lottery and raise the popularity of its sports lottery products.

    AGTech wins three China lottery tenders

    AGTech Holdings has won three lottery tenders to supply terminals to the China Sports Lottery in the provinces Guangxi, Jilin and Hunan, representing approximately 45 percent of total requested lottery terminal units. In a statement, the company said it has over 66,900 lottery terminal units manufactured by GOT currently in use today, GOT has nearly half […]

    AGTech integrates sports lottery with Alibaba ecosystem

    China lottery service provider AGTech Holdings said it was able to vastly increase brand awareness and recognition as a result of creative sports lottery marketing campaign utilizing the Alipay network. Launching on March 9, 2018, the promotion saw millions of Alipay users participating in the innovation promotion to win China Sports Lottery’s signature instant scratch […]

    AGTech delivers 20 pct revenue increase in 2017

    Mainland Chinese lottery supplier AGTech delivered a 20 percent increase in revenue for the full year 2017, driven mainly by new developments in its Games and Entertainment business. Revenue reached a total of HK$302.2 million (US$38.5 million), with over 30 percent of this contributed to by its Games division, which launched a number of new initiatives […]

    AGTech wins bid to promote scratch sports lottery

    Lottery service provider AGTech announced on Monday it has won the bid to market and promote instant scratch sports lottery in the country from the PRC National Sports Lottery Centre. In a filing from the company to the Hong Kong Stock Exchange, AGTech said that its “innovative marketing and promotional activities will help enhance the […]

    AGTech launches Indian shopping and gaming platform

    AGTech Holdings has announced the launch of a new casual gaming and shopping platform in India, called the Gamepind Platform. Launched on Monday in joint venture with India’s Paytm, the Gamepind Platform allows online users to participate in and play various casual games while online shopping at the same time. Through the platform, online users […]

    AGTech gaming, entertainment division drives Q3 revenue

    Hong Kong-listed AGTech Holdings reported strong revenue growth for the third quarter of 2017, driven by its new Gaming and Entertainment division launched earlier this year. In a filing to the Hong Kong Stock Exchange, AGTech said revenue grew 64 percent to HK$120.1 million (US$15.4 million) in the quarter. AGTech said its Gaming and Entertainment […]

    AGTech reports decline in revenue in 17H1

    Lottery service provider AGTech Holdings Ltd, saw a 29.4 percent decline in revenue for the first half of 2017, mainly due to the reduced sales of lottery hardware products. Revenue was approximately HK$54.1 million in 17H1, compared to approximately HK$76.6 million in the prior year period. “Despite the decrease in revenue mainly from reduced sales […]

    AGTech posts sixteen-fold widened loss in 17Q1

    Lottery service provider AGTech Holdings posted a sixteen-fold widened loss for the three months ending March 31, 2017, due to an increase in staff costs as well as losses arising from the remeasurement of convertible bonds of the company. The company says it saw a loss of HK$232.8 million (US$29.9 million) in the first quarter […]

    SF Lottery signs distribution deal for scratch lottery

    Hong Kong-listed AGTech Holdings Ltd has announced that SF Lottery (Shenzhen) Technology Development Company Ltd. has entered into distribution agreements with four Sports Lottery Administration Centres across the country. According to a filing from the company on Thursday, SF Lottery is a joint venture between an indirect wholly-owned subsidiary of AGTech and an indirect wholly-owned subsidiary of […]

    AGTech net profit increases 18.8 percent in 2016

    Hong Kong-listed AGTech Holdings Limited recorded profit attributable to owners of the company of approximately HK$333 million (US$42.9 million) for the year ended December 31, 2016, up from HK$280.2 million in 2015. The company posted approximately HK$251.5 million in the full year 2016, down around 16.6 percent from HK$301.6 million recorded in 2015. Most of […]

    AGTech to utilize Alibaba networks and tech

    Lottery service producer AGTech has announced it will be utilizing “certain channels and networks” of the Alibaba Group for the sales and distribution of its lottery products and services. The agreement, announced on January 25, 2017 – will see the company sell and distribute the lottery products (in physical form) through channels and networks of […]

    AGTech secures rights to Poker and Guan Dan in China

    AGTech has secured the rights to operate all competitive play of Chinese card game Guan Dan, and has formed a partnership with the organizers of a Chinese poker championship in China. In a filing, the company said it awarded the five-year rights to run Guan Dan by the Chess and Poker Games Administrative Centre under […]

    Inaugural ASEAN Summit to showcase regional opportunities

    The Philippines has been one of the best-performing casino markets in 2016, with revenue from the properties in Entertainment City up 20 percent in 3Q, though operators from Vietnam and Cambodia are also posting strong results, highlighting the potential of these markets. AGB will be hosting the inaugural ASEAN Gaming Summit in March 2017 to […]

    AGTECH posts narrowed loss in first nine months of 2016

    Hong Kong-listed AGTECH posted a narrowed loss for the nine-month period ending September 30, 2016. The group said loss after tax decreased around 51.1 percent for the nine month period to approximately HK$53.9 million, down from HK$110.2 million in 2015. The narrowed loss was mainly attributed to gain from changes in fair value of contingent […]

    AGTech secure tenders to supply five provinces in China

    Hong Kong-listed AGTech Holdings Limited has announced it has won tenders to supply five provinces / municipalities in China with Sports Lottery Terminals. Through its indirect wholly-owned subsidiary Beijing AGTech GOT Technology Co. Ltd, AGTech says a total of 4,100 Sports Lottery Terminals will be supplied to the five provinces / municipalities including Jilin Province; […]

    AGTech posts narrowed loss in 16H2

    HK-listed AGTech Holdings Limited says it has narrowed its loss after tax for 16H2, attributed to improvement in gross profit margin and decrease of selling and administration expenses. In a filing to the Hong Kong Stock Exchange, the company reported its loss after tax decreased approximately 40 percent for the six months ended June 30 […]

    AGTech secures 60 percent of sports lottery market share

    Beijing AGTech Technology Co. Ltd, a subsidiary of AGTech has announced it has secured more than 60 percent of market share in the supply of China Sports Lottery Terminals. In a filing to the Hong Kong Stock Exchange on Tuesday, the company said it has successful tenders to supply in aggregate 8,800 of its latest […]

    AGTech narrows 16Q1 loss by 62.1 percent

    HK-listed AGTech Holdings Limited announced that loss after tax decreased approximately 62.1 percent for the three month period ended March 31, 2016. The loss for 16Q1 was HK$14.4 million, down from HK$38 million in 15Q1. In its filing to the Hong Kong Stock Exchange, the lottery service provider said the decrease was mainly attributable to […]

    AGTech chief says new lottery regulations likely in 2016

    HK-listed AGTech Holdings’ chairman and CEO, Sun Ho says he expects new online and mobile channels for lottery sales in the PRC are likely to be approved. The AGTech chief made the comments in a recent release of its annual report, adding the PRC lottery industry is likely to see further significant policy developments, particularly […]

    AGTech posts HK$284.4 million loss in 2015

    Hong Kong-listed AGTech Holdings Limited has announced revenue for the group in 2015 totalled approximately HK$301.6 million (US$38.9 million), a 42.9 percent increase from 2014, according to a recent filing to the Hong Kong Stock Exchange. The group reported a loss for the year ended Dec. 31, 2015, at HK$283.4 million, compared to HK$187.4 million […]

    Alibaba Group to become major shareholder of AGTech

    A unit of Alibaba Group Holding Limited is to become the major shareholder of Hong Kong-listed lottery operation,  AGTech Holdings Ltd, for around HK$2.39 billion (US$307.6 million) according to a filing to the Hong Kong Stock Exchange. Ali Fortune Investment Holding, which is 60 percent owned by Alibaba and 40 percent owned by Alibaba’s Ant […]

    AGTech 15Q3 revenue gains, sees significant China opportunity

    AGTech Holdings, which provides lottery services and supplies in China, said 15Q3 revenue gained and it expects a significant breakthrough in business opportunities once Beijing finalizes legislation over online services. 3Q revenue rose to HK$76.7 million ($9.9 million) from $53.1 million in the year earlier period, while the loss attributable to owners of the company […]

    AGTech 1H15 sales jump 46 percent, sees China regulatory progress

    AGTech Holdings posted a 45.6 percent jump in 1H15 revenue to HK$101.1 million ($13.2 million), boosted by sales of newly added hardware and technical services and said it expects significant regulatory progress in China’s lottery market in the second half. During the period, AGTech’s GOT unit was selected as an authorized instant verification terminals supplier […]

    AGTech’s IVTs pass admission test

    AGTech announced that its instant verification terminals, to be used for scratch card sales, have met all the technical requirements and passed the admission test. The terminals were tested during a supplier evaluation process organized by China’s National Sports Lottery Administration Centre. Beijing AGTech GOT Technology Co, a subsidiary of the company and which produces […]

    AGTech 15Q1 revenue soars as hardware sales pick up

      AGTech Holdings, a provider of lottery services and products in China, posted an 88.5 percent gain in Q1 revenue as sales of its hardware division improved on the back of new products and services. Revenue was HK$48.5 million ($6.2 million) while gross profit increased by approximately 20.9 percent to HK$14.9 million. “We expect 2015 […]

    AGTech losses for 2014 more than double

    Lottery company AGTech reported total revenue of HK$211.1 million ($27.2 million) for 2014, up slightly on the year before, while losses for the year more than doubled. Revenue rose 1.4 percent from HK$208.3 million in 2013 as losses grew to HK$187.3 million in 2014 from HK$ 83.9 million the year before. “Loss attributable to owners […]

    Virtual sports becoming Asian reality

    After a period of rapid growth in Europe, virtual sports are emerging as a viable product in Asia, with operators drawn to the regulatory flexibility, low-cost turnkey integration and high margins. But today’s virtuals - which let players bet on the outcome of pre-determined, virtual visualizations of sporting encounters - are now graphically impressive adaptations of the real thing, created with advanced motion-capture technology which make the leading products tough to distinguish from reality.