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Virtual Football Gets Approved in China

Thursday October 17,2013 : CHINESE GOVERNMENT APPROVES AGTECH'S VIRTUAL FOOTBALL
 
69 percent payout virtual football game receives national Ministry of Finance approval.
 
Sports lottery gaming company AGTech Holdings Limited, together with its subsidiaries, announced Thursday that its virtual football televised sports lottery game has received national approval from the PRC Ministry of Finance.
 
The game has been classified by the National Sports Lottery Administration Centre as a sports betting game and will accordingly operate with a 69 percent payout ratio, the highest payout category in China.
 
AGTech subsidiary Asia Gaming Technologies (Beijing) Co., Ltd. has entered into a long-term agreement with Jiangsu Sports Lottery Administration Centre to provide the game and its underlying system and services on a revenue-sharing basis.
 
AGT is AGTech's long-standing joint venture with the UK's online and land gambling Ladbrokes group.
 
The Virtual Football product joins the AGT's popular and successful Lucky Racing game as one of only two nationally-approved, rapid-draw, fixed-odds virtual sports lottery games in China.
 
Televised in sports lottery stores, Virtual Football will offer a high frequency of betting opportunities with four matches every twenty minutes.
 
The game will offer punters advanced animated graphics, exciting audio commentary and similar betting types to National Sports Lottery Administration Centre's fixed odds sports lottery product, Jing Cai, such as half time and full time outcome (win, lose, draw); correct score; total goals; and accumulators.
 
All bets will offer players a fixed odds payout (i.e. not pool betting).
 
Jiangsu is the leading province in China's sports lottery market and China is the second largest lottery market in the world. In 2012, Jiangsu recorded sports lottery sales of over RMB16 billion, ranking as the number one province nationally with a 14.6 percent market share.
 
The Ministry of Finance approval covers the initial launch of Virtual Football in Jiangsu, with the National Sports Lottery Administration Centre fully involved in the initial launch process. Once the initial launch in Jiangsu succeeds, AGT will work with NSLAC to effect the national roll-out of the game.
 
John Sun, chairman and CEO of AGTech, said Thursday: "The introduction of Virtual Football in Jiangsu represents a very significant development for the Group in terms of both geographical and product development. It confirms virtual fixed odds sports betting as a proven concept: a fully accepted, rapidly growing, multi-product game category in China."



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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