BUSINESS

AGTech wins lottery terminal contract in China

TAGs: AGTech, China, China Sports Lottery

AGTech Holdings has hit the jackpot. After announcing earlier in June that it had won contracts to supply lottery terminals to the Chinese cities of Guizhou, Hebei and Shanghai, the Hong Kong-based company revealed that it has won another contract and will supply lottery terminals to the Sports Lottery Administration Center in Henan, China.

According to the company, the contract AGTech wins lottery terminal contract in China“demonstrates the group’s continued commitment to innovation and industry leading position in China’s lottery hardware market.”

A subsidiary of AGTech, GOT Technology Co., will supply the equipment. The company now controls almost 50% of the lottery hardware terminal market for China Sports Lottery.

The new terminals in all of the latest contracts provide an upgraded user experience. They offer dual screens that face both the customer and the store owner, which enhances the interactive experience during the purchase process. The terminals also include touch screens, making them easier to use.

AGTech also confirmed that it has signed a strategic agreement with the Jiangsu Province Sports Lottery Administration Center. The two will work in tandem to promote innovation in the lottery space while striving to enhance the promotion, marketing and research and development of lottery games.

Sports lottery sales in the Jiangsu province reached over RMB20 billion (US$3.1 million) for the first time in 2017, making it the top seller in China.

AGTech’s chairman and CEO, John Sun, said of the latest agreement, “Given the considerable scale of lottery sales in Jiangsu Province, Alibaba and Ant Financial’s expansive offline retail network and channels as well as our expertise and experiences in the lottery channel business and technology and data services, we believe this strong combination will further improve the consumption pattern and experience of sports lottery products as a whole. It will also advance the lottery industry and contribute to the healthy development of national sports and public welfare.”

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com