Agtech Acquired By Alibaba

Returns to China lottery business

Ali Fortune Investment Holding Ltd (AFIHL), a company majority owned by China's largest online retailer Alibaba Group Holding Ltd, will acquire AGTech Holdings Limited for a HK$2.39 Billion consideration.
AFIHL plans to boost its China lottery business through the acquisition of AGTech as it returns to the lottery sector after suspending operations in February 2015 because of government restrictions, Bloomberg reports.

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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