{"id":777003712,"date":"2023-03-27T13:27:45","date_gmt":"2023-03-27T16:27:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003712"},"modified":"2026-04-22T23:24:00","modified_gmt":"2026-04-23T02:24:00","slug":"agtech-subsidiary-wins-lottery-terminal-tenders-in-china","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agtech-subsidiary-wins-lottery-terminal-tenders-in-china","title":{"rendered":"AGTech subsidiary wins lottery terminal tenders in China"},"content":{"rendered":"\n<p>The tenders cover Sports Lottery Administration Centres&nbsp;in the provinces of Guangdong, Yunnan and Fujian.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>China.- The lottery service provider AGTech Holdings Limited has announced that one of its subsidiaries has won the tenders to supply lottery terminals to the<strong>&nbsp;Sports Lottery Administration Centres<\/strong>&nbsp;in the provinces of Guangdong, Yunnan and Fujian.<\/p>\n\n\n\n<p>Through a company filing, it said the win &#8220;confirms AGTech&#8217;s commitment and leading position in the lottery hardware market in the country.&#8221; The company did not disclose the value the supply contracts.<\/p>\n\n\n\n<p>According to AGTech&#8217;s 2022 results, its lottery arm in mainland China brought in revenue of HK$171.2m (US$21.81m), down by almost a third yearly. The decrease in revenue was mainly due to<strong>&nbsp;a drop in Sports Lottery tenders<\/strong>&nbsp;and the delay in lottery hardware tender and delivery caused by the Covid-19 pandemic.<\/p>\n\n\n\n<p>In February, AGTech&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-holdings-announces-agreement-with-galaxy-icc-arena\" target=\"_blank\">signed a deal<\/a>&nbsp;with&nbsp;<strong>Galaxy ICC &amp; Arena<\/strong>, a subsidiary of Galaxy Entertainment Group, to provide services for concerts, exhibitions and film festivals in Macau.&nbsp;The partnership allows AGTech to participate in Macau\u2019s cultural and entertainment using Macau Pass, a payments business that AGTech acquired in March of 2022.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenders cover Sports Lottery Administration Centres&nbsp;in the provinces of Guangdong, Yunnan and Fujian.<\/p>\n","protected":false},"author":176,"featured_media":9791,"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 Limited's subsidiary has secured significant tenders to supply lottery terminals to Sports Lottery Administration Centres in Guangdong, Yunnan, and Fujian provinces, reinforcing its leading position in China's lottery hardware market. This win follows a challenging 2022 for its lottery arm, which experienced a substantial revenue decline due to reduced tenders and pandemic-related delays. Concurrently, AGTech is expanding its Macau operations into cultural and entertainment services, leveraging its Macau Pass payments platform.","focusai_entities":"AGTech Holdings Limited, Galaxy ICC & Arena, Galaxy Entertainment Group, Macau Pass","focusai_location":"China, Guangdong, Yunnan, Fujian, Macau","focusai_target_profile":"ceo_executive (0.9), payments_fraud_aml (0.8), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Contract Value Impact","query":"Given the undisclosed value of these new lottery terminal supply contracts, what is the projected NGR contribution to AGTech's FY2023\/2024 financial performance, and how does this mitigate the prior year's revenue decline in the lottery hardware segment?"},{"label":"Macau Strategy Synergy","query":"How does the integration of Macau Pass into cultural and entertainment services in Macau create synergistic value with AGTech's core lottery technology offerings, and what are the long-term governance implications for this diversified portfolio?"}],"footnotes":""},"categories":[157,16338],"tags":[3573],"class_list":["post-777003712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003712","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=777003712"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003712\/revisions"}],"predecessor-version":[{"id":777003749,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003712\/revisions\/777003749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9791"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}