AGTech Holding is getting deep into the Chinese market. The lottery solutions provider has won two contracts to supply sports lottery terminals in provinces of Heilongjiang and Jiangsu. AGTech secured the deals through their Beijing based AGTech Got Technology branch. The company will now provide sports lottery terminals in both regions.
AGTech secured the deal after winning the contract in Guizhou, Guangdong and Anhui provinces. In July, the company also won the contract in Beijing and Tianjin. So far this year, the company has secured procurement wins in Guangxi and Hainan.
AGTech chairman and chief executive John Sun had this to say about the company:
“So far, AGTech GOT has already won many tenders in various provinces, municipalities and autonomous region across China, further reaffirming our hardware division’s continued dedication to and leading position in China’s lottery industry. AGTech will continue to enhance product innovation, ensure safety and R&D compliance, and contribute to the overall healthy development of China’s lottery market.”
AGTech had the toughest decline in the first six months of 2019; their yearly revenue went down by 22.7 per cent in August to US$2.1 million. The revenue in the first six months fell to $47.7 per cent while the hardware sale declined by 46.5 per cent.