{"id":35264,"date":"2022-11-09T14:41:16","date_gmt":"2022-11-09T17:41:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35264"},"modified":"2026-04-23T03:08:18","modified_gmt":"2026-04-23T06:08:18","slug":"agtech-net-revenue-up-70-6-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agtech-net-revenue-up-70-6-in-q3","title":{"rendered":"AGTech net revenue up 70.6% in Q3"},"content":{"rendered":"\n<p>AGTech Holdings has posted revenue of HK$114.33m (US$14.56m) for the third quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- The lottery service provider&nbsp;AGTech<strong>&nbsp;<\/strong>has reported that its third-quarter revenue grew 70.6 per cent year-on-year to HK$114.33m (US$14.56m). However, it posted a&nbsp;<strong>net loss of HK$43.96m (US$5.6m)<\/strong>, more than tripling the HK$10.23m (US$1.3m) loss registered in the same period of 2021.<\/p>\n\n\n\n<p>A strong performance was recorded in lottery hardware sales, which reached HK$44.35m (US$5.65m), an increase from HK$39.11m (US$4.9m) in the third quarter of 2021. Lottery distribution through physical channels and ancillary services reached HK$14.79m (US$1.88m), a rise from HK$9.49m (US$1.2m) registered the previous year.<\/p>\n\n\n\n<p>Last September,&nbsp;AGTech Holdings&nbsp;<a href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-acquires-macau-pass-holdings\">acquired&nbsp;Macau Pass Holdings Ltd<\/a>, the company which owns 99 per cent of Macau Pass<strong>, for HK778m (US$100m)<\/strong>. Quarterly revenue from payment card services was HK$28.65m (US$3.6m). E-wallet services generated HK$11.05m (US$1.4m).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AGTech Holdings has posted revenue of HK$114.33m (US$14.56m) for the third quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"AGTech Holdings reported a 70.6% year-on-year revenue increase to HK$114.33m for Q3, driven by strong lottery hardware sales and distribution. Despite this growth, the company posted a net loss of HK$43.96m, significantly higher than the previous year. The recent acquisition of Macau Pass Holdings Ltd has diversified its revenue streams into payment card and e-wallet services, contributing HK$28.65m and HK$11.05m respectively.","focusai_entities":"AGTech Holdings, Macau Pass Holdings Ltd, Macau Pass","focusai_location":"Hong Kong, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.7), tech_data (0.7), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Pass Integration Impact","query":"What is AGTech's strategic roadmap for integrating Macau Pass's payment and e-wallet services, and how is this expected to impact the consolidated NGR and operational synergies in the next fiscal year?"},{"label":"Lottery Vertical Profitability","query":"Given the significant increase in net loss despite robust lottery hardware and distribution revenue growth, what are the primary cost drivers impacting AGTech's overall profitability within its core lottery vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[23700],"class_list":["post-35264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-agtech"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35264"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35264\/revisions"}],"predecessor-version":[{"id":35280,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35264\/revisions\/35280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}