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TSL aims to give gov't NT$22 bil.

TAIPEI, Taiwan -- Sales of Taiwan Sports Lottery (TSL) kicked off yesterday, and the operator plans to remit NT$22 billion of its revenue to the government over a 10-year period of operation.

While CTBC Bank (中國信託商業銀行) is charged with handling cash flow, ADATA Technology (威剛科技) is charged with issuing lottery tickets.

The first period of the Taiwan Sports Lottery was managed by Taipei Fubon Bank (台北富邦銀行) and ended on Dec. 31, 2013. ADATA Technology won the bid to manage the second period of the Taiwan Sports Lottery, and will handle operations from Jan. 1, 2013 until Dec. 31, 2023, a period of ten years.

TSL raked in sales totaling NT$8.68 million by 2 p.m. yesterday. TSL said that the sales goal for yesterday was to rake in NT$20 million.

About 1,200 local stores are participating in the TSL business. Over this new period, TSL will offer more betting methods and options, and aims to simplify the rules of the game, in an effort to encourage more participation from the public.

In order to attract more sales, betting odds have been increased from 75 percent in the first period to 78 percent in the second period.

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