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AGTech Entered into Cooperation Framework Agreement with Alibaba Group

George Miller

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AGTech Entered into Cooperation Framework Agreement with Alibaba Group
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AGTech Holdings Limited announced that its wholly-owned subsidiary, Beijing GOT Technology Co., Ltd entered into the Alibaba Cooperation Framework Agreement with Alibaba China.

According to the agreement, AGTech may provide equipment and maintenance services to Alibaba through open bidding and commercial negotiations. Such equipment include, but not limited to, point-of-sales (POS) terminals and face recognition payment equipment, which may be applied to offline retail sales and lottery sales.

The Group’s lottery hardware business has been a critical component of the Group’s business. The Group supplies the Sports Lottery and the Welfare Lottery and has lottery hardware deployed in multiple provinces, cities and municipalities across the PRC, making the Group one of the leading manufacturers and suppliers of lottery terminals and other hardware in the PRC. In 2018, the Group won 19 lottery hardware tenders, accounting for over 41% of the overall Sports Lottery terminal tenders in the PRC during the same period, calculated by the number of terminals tendered. The Group did especially well in new Android sports lottery terminals tenders in the PRC, winning over 67% of such tenders in 2018, calculated by the number of terminals in such tenders.

The Group believes that Alibaba Group’s new retail initiatives present a great opportunity for the further development of the Group’s lottery hardware business. New retail represents the convergence of online and offline retail by leveraging digitalised operating systems, in-store technology, supply chain systems, consumer insights and the mobile ecosystem to provide a seamless shopping experience for consumers.. In particular, new retail initiatives require the supply of an enormous amount of hardware supplies, such as POS terminals, and payment and settlement devices. Many of these hardware supplies share similar designs, technologies and components that underlie the lottery hardware products supplied by the Group throughout the years.

The Group has been collaborating with Alibaba Group’s retail ecosystem including Lingshoutong to enhance on lottery distribution models. Through Alibaba Group’s physical new retail distribution channel and networks, supplying the relevant hardware products in relation to Alibaba Group’s new retail initiatives is able to bring lottery opportunities and resources to more customers, therefore presents direct opportunities for the further development of the Group’s domain expertise of lottery technology and services.

 

Source: AGTech Holdings Limited

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Asia

Aristocrat Leisure Limited Suspends Internal Travel in Asia

Niji Narayan

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Aristocrat Leisure Limited Suspends Internal Travel in Asia
Photo Source: edreams.com
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Aristocrat Leisure Limited has suspended staff travel throughout Asia in response to the outbreak of coronavirus. Also, the company is not expecting any major disruption to its business operations.

“Aristocrat has no direct operations in mainland China and relatively small exposure to the Asian region generally,” Trevor Croker, CEO and Managing Director of Aristocrat, said.

“However, we have been closely monitoring developments with a focus on our people, customers and supply chain. We have temporarily suspended travel in the region, and are supporting our staff in Macau and Hong Kong. We are also proactively monitoring and managing potential supply chain impacts. At this stage we do not foresee any material adverse impacts on our business, but we will keep the market updated as appropriate,” Trevor Croker added.

Aristocrat is coming off another record year in 2019, with revenue rising 22.7% to AU$4.4 billion and profit by 22.6% to AU$894.4 million.

“We expect continued growth over the 2020 fiscal full year,” Trevor Croker said.

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Asia

Deltin Group Launches Deltin Casino in Nepal

Niji Narayan

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Deltin Group Launches Deltin Casino in Nepal
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Deltin Group has launched Deltin Casino at The Marriot Hotel in Kathmandu, Nepal. This is the group’s first casino outside of India. The new venture is a result of the company’s agreement with Everest Hospitality and Hotel Pvt. Ltd.

“We believe that compliance and ethics is an integral aspect to our business and so we are happy to join hands with Everest Hospitality and Hotel Pvt Ltd owners of the Marriott Hotel, as both our companies share common values professionalism and excellence in service; our shared values and parallel vision reassures that our business is in safe hands here in Nepal,” Anil Malani, President and CEO of Deltin Group, said.

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Asia

Macau Casinos to Resume Operations from February 20

Niji Narayan

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Macau Casinos to Resume Operations from February 20
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The casinos in Macau are going to resume their operations from February 20 after the authorities imposed a two-week suspension to keep the coronavirus in check. The halt in gaming operations started on February 5.

Macau has not reported any new cases of the virus since February 4. There have been 10 confirmed cases of the virus in total.

Macau government has told casino operators, which include Sands China, Wynn Macau, SJM Holdings, MGM China, Galaxy Entertainment and Melco Resorts, they have 30 days to go back to full business.

While casinos have been given permission to operate, business is likely to be limited, say executives, due to Macau’s strict controls on visitor entry and curtailed transport links, including the suspension of ferry services from neighbouring special administrative region Hong Kong.

Nearly 30 hotels, mostly joined to casinos, have been shuttered for the last two weeks due to the suspension. It was not immediately clear how quickly those operations, as well as other non-gaming amenities, would resume.

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