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AGTech acquires leading Chinese mobile lottery provider

24th May 2011 9:15 am GMT

Chinese sports lottery provider AGTech, a joint venture partner of British bookmaker Ladbrokes plc, has taken a step into the burgeoning Chinese mobile lottery market with the acquisition of Shenzhen Silvercreek Digital Technology Co. (SSDT), a leading phone and mobile lottery service provider in China.

The acquisition of the entire issued share capital of SSDT by AGTech values the business at approximately RMB73.0m (€8.0m). The transaction will be completed through the issue of 193m consideration shares [...]

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