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Virtual sports growth fails to offset lower lottery sales at AGTech

11th November 2020 9:45 am GMT

Hong Kong-listed lottery provider AGTech Holdings has reported a 10 per cent fall in revenue to HK$106.1m (€11.5m) for the first nine months of 2020, of which more than a third was generated from virtual sports lottery games that will soon be withdrawn in China.

Revenue from lottery hardware sales fell by 29 per cent to $48.9m due to a significant decrease in national tenders during the period, and slower tendering processes and hardware deliveries as [...]

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