Tag Archives: AGTech
- AGTech teams with India’s Paytm on mobile games joint venture
July 25, 2017
Hong Kong-based lottery technology supplier AGTech Holdings has inked a joint venture deal to enter India’s online gaming market. On Monday, AGTech announced that its AGTech Media subsidiary had entered into a partnership with Paytm Group, an offshoot of Indian payment processing and e-commerce firm Paytm Holding, to develop and...
- AGTech, SF Express launch lottery scratch ticket delivery service
July 5, 2017
China’s lottery players may not be able to purchase tickets online, but at least they no longer have to traipse down to the shops to scratch their lottery itch thanks to a new joint venture. In April, Hong Kong-based lottery technology supplier AGTech Holdings announced a joint venture with Shenzhen-based...
- China arrests 203 over bogus online lottery operation
May 17, 2017
Chinese authorities have arrested over 200 people in connection with an online lottery fraud operation. On Wednesday, China’s state-run media agency Xinhua reported that police in Shaanxi province had raided three locations earlier this month and detained 203 individuals, of whom over 100 will face criminal charges in connection with...
- AGTech inks online lottery deal with China’s Alipay
March 24, 2017
Hong Kong-based lottery technology supplier AGTech Holdings Ltd has inked a deal to operate the Alipay Lottery Channel, if and when the Chinese government allows online lottery sales to resume. On Friday, AGTech announced it had entered into a 50/50 revenue-sharing deal under which it will distribute and sell regulated...
- 500.com loses $11.3m, posts nil revenue for sixth quarter
November 11, 2016
Nasdaq-listed online sports lottery operator 500.com lost $11.3m in Q3 thanks to China’s ongoing suspension of online lottery sales. On Thursday, 500.com reported nil sports lottery revenue, the sixth straight quarter that the company has failed to earn a thin dime from its main reason for being. The net result...
- Alibaba makes major China lottery play by acquiring AGTech Holdings
March 7, 2016
Chinese e-commerce giant Alibaba Group has taken a controlling stake in Hong Kong-based lottery technology provider AGTech Holdings. Over the weekend, Alibaba offshoot Ali Fortune Investment Holdings announced it would pay HKD 2.39b (US $308m) to acquire a 59.45% stake in AGTech. The purchase price will be split into HKD...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
Huobi wants Chinese bitcoin users to explain source of funds
March 22, 2017