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(Yicai Global) Feb. 2 -- Shenzhen General Lottery Technology Co. (SGLT) will provide software development and operating maintenance to another lottery company so that it can in turn supply such services in Nigeria.
SGLT has penned a cooperative agreement with Hong Kong-based Prosperous Glory Investment Holdings Ltd., as Telling Telecommunication Holding Co., which indirectly holds 100 percent of the equity in SGLT, announced today. Within four months after signing the contract, SGLT will purvey a lottery gaming back-end sales management system, two lottery games, one high-frequency game, a lottery terminal sales app, and a development interface with banking and telecom services, per the announcement.
Prosperous Glory Investment will take charge of obtaining the right to run and use the lottery license in Nigeria and is entirely responsible for project operation. The parties will divide profits generated from the project and will settle quarterly, the announcement stated.
The deal is an important step toward the internationalization of SGLT and will positively impact its business performance and financial status, the announcement added.