Over the last few years, there has been a lot of speculation that MQ Tech would be expanding its operations into Southeast Asia. in December 2016, there was talk that the tech company would be getting involved with a Cambodian casino operation, something that MQ Tech denied.

While Southeast Asia may not be the spot for MQ Tech to advance, they have now chosen a market in Asia to get involved with, making a deal with Monvest Group Pte Ltd to purchase shares in the Mongolian gaming operation. According to the report, the company acquired 19% of the shares at a cost of about RM8.55 million.

Monvest operates the Mongolian national lottery. This lottery is operated by Modern Capital Vest LLC (MCV) and Biz-Invin LLC, both of which are subsidiaries owned by the Mongolian company. MCV is the lottery management business while Biz-Invin holds the license for the lottery operation in the country.

For MQ Technology, this is the perfect opportunity. Joining with Monvest allows the company to be able to reap the profits from sales related to the lottery ticket sales, while also playing a major role in the setting up and equipping of booths and lottery terminals using their technical and consultation expertise.