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AGTech Announces First Quarterly Results For the Three Months Ended March 31, 2020


AGTech Holdings Limited, a leading integrated lottery, games and entertainment technology company in China, announced the first quarterly results for the three months ended March 31, 2020.
According to Ministry of Finance of the PRC figures, during the Three-Month Period, lottery market recorded sales of approximately RMB37.7 billion, a decrease of approximately 64.5% compared to the corresponding period in 2019. Of this, Welfare Lottery amounted to approximately RMB18.06 billion, representing a decrease of approximately 63.2% compared to the corresponding period in 2019. The Sports Lottery achieved sales of approximately RMB19.65 billion, representing a decrease of approximately 65.7% 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 the COVID-19 outbreak while the business hours of lottery sales outlets were significantly reduced. The Group is closely monitoring the latest development and impact of the COVID-19.
AGTech will continue to leverage on and explore opportunities for collaboration with Alibaba Group’s retail ecosystem to enhance on lottery distribution models where appropriate. The Group also anticipates a gradual rollout of our SaaS (Software-as-a-Service) platform aiming to serve and benefit users from all sectors within the lottery supply chain. Our platform is expected to be well equipped for applications within the Alibaba digital ecosystem, in addition to any potential change in distribution channels other than the current retail model.
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. 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.
Paytm First Games, a joint venture of the Group with One97 Communications Limited continued to develop its mobile games and entertainment platform in India, offers players a unique online experience with popular games content such as social games, card games and fantasy sports games. The Group is hopeful that Paytm First Games will continue to grow its user base, paving the way to monetize this unique platform, thus capitalizing on the significant potential of the fast growing mobile games and entertainment market in India.
Financial Highlights
Revenue of the Group for the Three-Month Period amounted to approximately HK$13.7 million, representing a decrease of approximately 32.2% 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 Three-Month Period was primarily caused by the decrease in sales of lottery hardware of approximately HK$3.4 million, decrease of approximately HK$1.5 million in revenue from the provision of lottery distribution and ancillary services, and decrease of approximately HK$1.2 million from the lottery games and systems.
Such decrease in revenue was mainly due to the prolonged closure of domestic lottery market which lasted nearly 40 days and delay in lottery hardware tender and delivery as a result of the COVID-19 pandemic. Under the market closure arrangements for Chinese Lunar New Year, the PRC’s lottery market was closed from 22 to 31 January 2020 and was originally scheduled to resume sales on 1 February, 2020. Amidst prevention and control of the pandemic, reopening of the PRC’s lottery market was postponed to 11 March 2020, since then sales of welfare lottery and sports lottery have begun to gradually resume subject to different arrangements in different regions.
The loss for the Three-Month Period was approximately HK$64.6 million, representing a decrease of approximately 9.0% 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 360 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial 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
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: AGTech Announces First Quarterly Results For the Three Months Ended March 31, 2020

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S8UL steps into the Fatal Fury arena with the signing of fighting games veteran Yurikov
Yurikov is a Peruvian-American competitor with over a decade of experience in the global fighting game circuit. Competing professionally since 2012, he first rose to prominence in titles like The King of Fighters and Guilty Gear Strive, and has since made a successful transition into Fatal Fury, carrying with him a legacy of consistency, adaptability, and competitive drive.
He has played over 400 matches and his tournament victories span multiple fighting games, including Summer Jam 2023, South Louisiana Major 2023, and Heat Wave 2022 – Northeast Championship 22. Now under the S8UL banner, Yurikov will represent India’s top esports organisation at the Esports World Cup 2025 in Riyadh, as well as other international fighting game tournaments throughout the year.
“From solo queues to the big leagues. Joining S8UL is a whole new chapter. I’ve always moved with purpose- now it’s time to do it with a team that shares the vision. Let’s make history,” stated Marcoantonio “Yurikov” Malpica.
S8UL’s move into Fatal Fury follows a series of high-impact signings across multiple titles including Apex Legends, Call of Duty (COD) Warzone, Chess, EAFC25, Mobile Legends: Bang Bang (MLBB), Starcraft II and Tekken 8. While S8UL is already known for dominating the mobile esports and content space, this entry into Fatal Fury represents yet another step in its ambition to build a truly global, multi-genre esports legacy.
“Esports is evolving rapidly, and staying ahead means not just following trends, but setting them. At S8UL, we’ve always believed in backing talent that can lead across eras, not just tournaments.” said Animesh Agarwal, aka 8Bit Thug, Co-founder and CEO of S8UL. “Been watching Yurikov cook for a while — always knew he was built different. Welcome to the family, hermano.”
EWC 2025 will witness 16 of the world’s best Fatal Fury players battle it out for a share of the massive $1 million (approx. INR 8.5 crore) prize pool from July 10 to 12 in Riyadh, Saudi Arabia.
With this announcement, S8UL has now unveiled rosters across all eight titles that they will be competing in at EWC 2025. The lineups are as follows:
Apex Legends: Rick Wirth (Sharky), Benjamin Spaseski (Jesko) and Tom Canty (Legacy)
Call of Duty: Warzone: Colin Bowers-Wilson (Trikempathy), Braxton Trice (Braxtvn), and Ryder Skarzinski (Ryda)
Chess: Nihal Sarin and Aravindh Chithambaram
Fatal Fury: Marcoantonio Malpica (Yurikov)
Mobile Legends Bang Bang: Michael Cosgun (MobaZane), Ian Hohl (FwydChickn), Jang Seong-hun (Hoon), Ziameth-Jei Caluya (ZIA), Vo Trung (Shark), and Carlos Ortega Vega (Bestplayer1)
Starcraft II: Pyung Jae Koh (GuMiho)
Tekken 8: Arja Gamoori (Sephiblack) and Nino Schwarz (Nino)
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BGaming, White Label Casinos, and Next.io Raise €200,000 at DAR Bjorn Charity Gala
BGaming collaborates with top iGaming companies to support the creation of the new DAR Bjorn Respite Centre in Malta
Popular iGaming content provider BGaming recently partnered with White Label Casinos and NEXT.io to host a charity gala event to raise funds and awareness for the DAR Bjorn, Malta’s pioneering neurological home for individuals with ALS, MS, and other neurological conditions.
DAR Bjorn Charity Gala, held at Villa Bighi on May 9th, stood out as one of the most remarkable charity events in Malta. All three organising companies were proud of their collective achievement on the night. Beyond fundraising, the event aimed to strengthen relationships within the iGaming community and beyond, fostering a spirit of unity and collective philanthropy.
BGaming, White Label Casinos, and Next.io demonstrated their commitment to corporate social responsibility by raising €200,000 to support the construction of the new DAR Bjorn Respite Centre.
The event gathered over 400 guests and brought together familiar faces from leading companies in the iGaming industry as well as the local Maltese community. All attendees contributed significantly to the fundraising effort by purchasing tickets, bidding in the art auction, and buying exclusive merchandise from the “Dream Big. Give Bigger.” collection, created in partnership with Swag42.
BGaming contributed €20,000 to the cause, which will fund the construction of a vital room within the DAR Bjorn Respite Centre. As BGaming continues its expansion in Malta, the company remains committed not only to business growth but also to positively impacting the local community. Supporting initiatives that enhance people’s lives is a cornerstone of BGaming’s corporate philosophy, with charitable efforts playing a key role in its social responsibility strategy.
Marina Ostrovtsova, Chief Executive Officer at BGaming, said: “I’m so proud of what BGaming team has managed to accomplish with this event, and I couldn’t be more grateful for our partners, NEXT.io and White Label Casinos, as well as to everyone who contributed. This event demonstrates how our industry can be a force for good, showing that we can make a meaningful difference through collective action.
“The DAR Bjorn Neurological Home is a remarkable centre that profoundly improves people’s lives. We’re honoured to support their mission and help raise awareness of the vital work they do.”
BGaming, White Label Casinos, and NEXT.io thank all the companies that supported this meaningful initiative. Their contributions played a vital role in making the event a remarkable success. Special thanks go to our Golden Sponsor Visit Malta; Silver Sponsors: Amusnet, 1spin4win, Focus Gaming News, MyAffiliates, and Matthew Gera; Prize Sponsors: iGP, YOLO Group; and On-the-Night Catering Sponsors: Neriku, Cisk, Huskie, Stretta, Island 8, Cassar Camilleri, Molecular Fusion, Charles Grech, and Delicata.
We also thank Villa Bighi and GMR for setup and venue support; Entertainment partners Versatile, Joseph Chetcuti, 360 Camera, and Testatesmar; Entertainment Sponsors Chili Partners and TaDa Gaming; Merchandise Partner Swag42; and Media Partners: Times of Malta and ONE Media. Additional thanks go to SiGMA and Alea for their generous support.
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Stakelogic Partners with Starcasino NL to Bring Its Slot and Live Casino Portfolio to Dutch Players
Leading content provider launches full suite of slots, live games and branded tables directly with top-tier Dutch operator
Stakelogic, the powerhouse behind some of the most dynamic slot and live casino content in the industry, has strengthened its position in the regulated Dutch market with a new partnership. The provider has completed a direct integration with Starcasino NL, bringing its full slot and live casino portfolio to one of the Netherlands’ most recognisable online casino brands.
Starcasino NL players can now enjoy the full Stakelogic experience, including both its classic and modern video slots, as well as its next-generation live dealer content. The deal covers an extensive range of slot titles, headlined by recent top performers such as Wild Canyon, Cozy Candy ClusterBreaker, and Garden Gladiators. These games, known for their engaging features and bold mechanics, represent the cutting edge of slot innovation in the regulated iGaming space.
In addition to slots, the partnership delivers Stakelogic Live’s complete live casino catalogue, streamed from purpose-built studios and hosted by native-speaking dealers. This includes a wide range of table games such as blackjack and roulette, along with flagship live experiences like the Super Wheel Game Show – an interactive game format that blends traditional wheel-of-fortune gameplay with real-time bonus mechanics – and the Vegas Drops Roulette, a daring twist on the classic format that injects a thrilling slot-style bonus round into the mix.
The integration also includes the rollout of three fully branded live tables – one roulette and two blackjack – tailored exclusively for Starcasino NL. These tables combine the immersive power of Stakelogic Live’s technology with the operator’s visual identity, creating a branded experience that enhances player trust and loyalty.
Neil Tanti, Head of Sales at Stakelogic, said: “The Netherlands is a key market for us, and we are delighted to partner with an operator of Starcasino NL’s calibre to offer Dutch players the full Stakelogic experience. From our cutting-edge slots to our next-generation live casino content – including branded tables and innovative formats like Super Wheel – this is a partnership that promises to deliver exceptional entertainment from the first spin.”
Pieter van den Bos, Director at Starcasino NL, added: “We are proud to welcome Stakelogic to our platform. Their reputation for combining creative themes with bold gameplay innovations fits perfectly with what our players are looking for. With branded tables and some of the most exciting titles on the market, this partnership allows us to offer a richer, more dynamic casino experience to our audience in the Netherlands.”
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