AGTech wins lottery software contract in major Chinese province
Lottery software and system developer AGTech has won a contract to provide lottery hardware support for the sports lottery in China’s Jiangsu province, which is home to more than 80 million people.
The tech company’s subsidiary, Beijing AGTech GOT Technology (GOT), won the bid, with the tender managed by the Jiangsu Provincial Sports Lottery Administration Centre.
Enquiries to AGTech to clarify the length of the agreement were not immediately returned.
The deal will build on recent contract wins for AGTech in a number of other provinces, including Guangxi, Guizhou, Hebei, Henan, Hunan, Jilin and Shanghai. Jiangsu includes major cities such as Nanjing.
“In the first half of 2018, GOT has already won tenders in various provinces, municipalities and autonomous regions across China, further reaffirming our hardware division's continued dedication to and leading position in China's lottery industry,” AGTech chairman and chief executive John Sun said.
“AGTech has and will continue to enhance product innovation, safety and research and development compliance to contribute to the overall healthy development of China's lottery market."
The expansion of AGTech’s hardware and distribution services across China has been a key goal of the company since it was acquired by e-commercia giant Alibaba two years ago.
Earlier this week, iGamingBusiness.com reported that Chinese betting on the FIFA World Cup via the country’s sports lottery could be worth $7.5bn (€6.5bn).