Asia
AGTech Announces Interim Results For The Six Months Ended June 30, 2020
AGTech Holdings Limited, a leading integrated lottery, games and entertainment technology company in China, announced the interim results for the six months ended June 30, 2020.
According to MOF figures, during the Six-Month Period, lottery market recorded sales of approximately RMB123.9 billion, a decrease of approximately 41.7% compared to the corresponding period in 2019. Other than the closure of national lottery market during Chinese Lunar New Year, the drop in sales was mainly due to the impact of Novel Coronavirus (“COVID-19”) outbreak while the business hours of lottery sales outlets were significantly reduced. Lottery sales activities have since resumed in March 2020, and the Group will continue to closely monitor the latest development and recovery post pandemic.
AGTech’s Hardware division primarily supplies the Sports Lottery and the Welfare Lottery and has hardware deployed in multiple provinces, cities, municipalities and autonomous regions across China. During the Six-Month Period under review, the Group won five lottery hardware tenders to supply lottery terminals to the SLACs in Anhui province, Shanxi province, Jilin province, Hubei province and Guizhou province of the PRC. The Group will continue to pursue tenders to supply to the lottery and other hardware market and bid for new contracts after resumption of tenders post COVID-19 delays.
Transition to new retail models presents a great opportunity for the further development of the Group’s hardware business. Many of the hardware supplies required under such new retail concept share similar technology and components that underlie the lottery hardware products supplied by the Group throughout the years. We believe our hardware division continues to be well positioned to take advantage of such opportunities in the foreseeable future.
The Group continues to operate the lottery channel on mobile Taobao and mobile Alipay to serve as a one-stop platform on lottery related information for existing and potential customers. With the recent addition of sporting content and sports intelligence services to our lottery channel, we expect to roll out further engagement features and tools to improve user experience and engagement.
From a lottery products point of view, we have identified instant scratch lottery games to be an important product initiative for the coming year, as we will be dedicating resources to open up this market within the lottery sector.
FINANCIAL HIGHLIGHTS
Revenue of the Group for the Six-Month Period amounted to approximately HK$43.9 million, representing a decrease of approximately 8.0% over the corresponding period in 2019. Revenue contributions were mainly derived from lottery hardware, lottery games and systems, provision of lottery distribution and ancillary services, games and entertainment business in the PRC.
The decrease in revenue for the Six-Month Period was primarily caused by the decrease in sales of lottery hardware of approximately HK$6.6 million and decrease of approximately HK$1.0 million in revenue from games and entertainment division, partially offset by an increase of approximately HK$4.6 million from the lottery games and systems.
The decrease in revenue from hardware business was due to slower tendering processes and hardware deliveries in several provinces as compared to the corresponding period in 2019 as a result of the COVID-19 pandemic.The increase in revenue from the lottery games and systems was caused by the increase in sales volume from the virtual sports lottery games in the second quarter of 2020 after the reopening of PRC lottery market.
Operating loss for the Six-Month Period was approximately HK$105.6 million, representing a decrease of approximately 12.1% over the corresponding period in 2019.
About AGTech Holdings Limited
AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 340 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Group.
AGTech’s businesses are broadly divided into two categories:
Lottery (including hardware, games and systems, provision of distribution and ancillary services); and
Games and Entertainment.
AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA).
Source: AGTech Holdings Limited
Powered by WPeMatico
Asia
NODWIN and Nodding Heads launch India Games Showcase with Summer Game Fest
NODWIN Gaming and Nodding Heads Games are launching the inaugural India Games Showcase (IGS), a digital event set to premiere on June 8 as an official partner showcase of Summer Game Fest. The broadcast will feature 40 curated Indian indie games across trailers, reveals, gameplay segments and announcements.
The India Games Showcase will be accompanied by a dedicated Steam event aimed at helping players discover, follow and wishlist participating titles. The event is scheduled for 10 AM PT / 10:30 PM IST and will stream on YouTube and Twitch.
NODWIN Gaming Co-founder and Managing Director Akshat Rathee said: “There is a raw, untapped creative energy in the Indian indie ecosystem right now that is completely unique. We are seeing developers blend world-class mechanics with incredibly rich, localized storytelling that the global gaming community hasn’t experienced before. We want to make sure that a brilliant game built in India doesn’t just stay a local secret, but gets the global eyeballs, distribution, and recognition it rightfully deserves.”
Nodding Heads Games Co-founder and Game Director Avichal Singh added: “The debut of India Games Showcase proves that Indian indies are making strides as they arrive and make a presence internationally. The rise of quality and genre variety titles in recent years is very promising. Our partnership with the world’s biggest showcase, Summer Game Fest, is another mark of approval for the country. We’re excited for the times ahead.”
Ahead of the broadcast, the organisers named the first set of participating games, including Raahi (Kalp), Dodo Duckie (BornMonkie), Loop : Beginning Of Never Ending Journey (Pravin Nikam), Rakshasa (Odd Compass Studio), and Silkgrove (Gallic Entertainment). The showcase is spearheaded by Nodding Heads Games, the studio behind Raji: An Ancient Epic.
The post NODWIN and Nodding Heads launch India Games Showcase with Summer Game Fest appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Asia
EGT wins SiGMA Asia Awards 2026 for Best Land-Based Game Feature
EGT has won the Best Land-Based Game Feature category at the SiGMA Asia Awards 2026 for the second consecutive year. The award was presented at a ceremony on 01 June, with EGT recognized for its multi-level progressive jackpot Sheng Sheng Bu Xi.
According to the company, Sheng Sheng Bu Xi is part of its Asian-themed products portfolio and is available in two titles: Bonus Boom and Bonus Craze. EGT said the feature runs across four jackpot levels with bonus mechanics including free spins and multipliers.
EGT said the feature is powered by its Exciter IV platform and is compatible with its Supreme, General and Phoenix Series slot cabinets. The company added that Sheng Sheng Bu Xi is deployed in “numerous gaming establishments globally.”
Mariana Manchina, Director of EGT Philippines Corp., said: “It is an honor to us to be acknowledged by the SiGMA Asia Awards again. Following the success of Zhao Cai Shuang Yu last year, the prize for Sheng Sheng Bu Xi is eloquent proof that our Asian-themed products are widely accepted by players, operators, and the professional gaming community as a whole. I would like to thank our customers, partners and friends for their continuous support and recognition, as well as our team, without whose creativity, talent and passion for innovation we would not have been able to have these remarkable achievements.”
The post EGT wins SiGMA Asia Awards 2026 for Best Land-Based Game Feature appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Asia
Spintec Introduces New Baccarat Side Bets at G2E Asia
Spintec has successfully participated at this year’s G2E Asia. This year, Spintec’s focus was on innovation tailored for the Asian market. Their super popular Baccarat game was introduced with no less than eight side bets this year. The existing Lucky 6 was accompanied by Big and Small Lucky 6, Lucky 7, Big and Small Lucky 7, and Super Lucky 7. Their solution also features the latest side bets, recently approved in Macau: Pairs+, Monkey/No monkey, and 4/5/6 cards.
They also showed their flagship game Galactic Spin, which has received an extremely interesting upgrade this year. Spintec introduced a release which integrates no less than three roulette games: a classic version, a version with multipliers and Galactic Spin with free spins. All three are available to the player to choose from, but the choice is rarely simple as they are all extremely immersive and fun.
To support this dynamic playing environment, Spintec also premiered their MultiView game platform. It allows players to seamlessly display and participate in up to four different games simultaneously on a single screen, with the option to expand any game to full screen directly from the split view. Dipping in and out of different games has never been so simple and intuitive. A built-in lobby allows players to browse and filter available games by type and choose the one they like best. The MultiView platform currently supports roulette and baccarat, with other games coming soon. As a special mode of operation, the platform also features a fast-switching game functionality, specifically developed for multi-table baccarat.
Eye shaped roulette and dice had a debut in Asia at G2E and garnered a lot of attention. It accommodates up to 12 players engaging in three different games simultaneously: roulette, Sic Bo and craps. It delivers an exceptionally rich gameplay through a wide range of betting options. In this special edition it also featured Spintec’s flagship game Galactic Spin and Dragons Jackpot, the amazing three-level progressive jackpot.
The visitors at G2E Asia also had an opportunity to experience first-hand what Spintec’s dedicated tournament experience can do. Its player-focused design serves a single purpose: to keep players engaged for longer while sustaining the excitement and competitive spirit that tournaments are known for. It features a LED wall showcasing dynamic content for both players and spectators, presenting live information across individual roulette and baccarat games while supporting live, automated and virtual formats. Game graphics are tailored specially for LED walls, including a reimagined implementation for baccarat. The entire setup was extremely well received at the G2E, as these types of gaming experiences are becoming more and more popular across the globe.
The post Spintec Introduces New Baccarat Side Bets at G2E Asia appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
Brasil7 days agoPara Sportradar, Copa do Mundo 2026 deve redefinir estratégias de aquisição e engajamento nas apostas esportivas
-
Belatra7 days agoWeekend Reels | Week 22: Slot Drops & Trends
-
Anatel7 days agoBrazil betting regulation: new advertising restrictions & AML rules
-
Andréa Curral6 days ago“No iGaming, marcas sólidas dependem de consistência, experiência e relacionamento de longo prazo”
-
2026 sports betting7 days agoFor Sportradar, the 2026 World Cup is set to reshape acquisition and engagement in sports betting
-
Latest News7 days agoHow RocketPlay Closed 100% of Its Complaints in 2025: Inside the System
-
eSports6 days agoG2’s Otis Lawrence wins 2026 F1 Sim Racing World Championship
-
Brazil7 days agoMercado de bets en Brasil: nuevas restricciones publicitarias y reglas AML



