Login/Register
NetEnt
NetEnt
Fast Track
SBTech

Alibaba looks to dominate Chinese lottery market with AGTech acquisition

7th March 2016 10:03 am GMT

Hong Kong-listed AGTech Holdings will become the exclusive lottery platform of Alibaba, once the Chinese e-commerce giant completes the acquisition of a majority stake in the lottery solutions provider.

Ali Fortune Investment Holding, which is 60 per cent owned by Alibaba and 40 per cent by Alibaba’s financial services arm Ant Financial, has agreed to acquire the majority stake in AGTech for approximately HK$2.39bn (€280.0m).

This comprises $1.68bn of AGTech shares and [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Skywind Group
Pragmatic Solutions
NSOFT
Playtech
SBTech