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Bank of Kaohsiung promotes bid for new sports lottery

The heads of the Kaohsiung City Government, the Kaohsiung City Council and other local officials attended a function organized by the Bank of Kaohsiung (高雄銀行) yesterday to promote the bank's bid to operate a sports lottery.

Kaohsiung Mayor Chen Chu (陳菊), Kaohsiung Council Speaker Chuang Chi-wang (莊啟旺) and Lei Chung-ta (雷仲達), director of Kaohsiung City's Bureau of Finance, and more than 10 councilors attended to back the bank's bid to run the lottery that will raise funds for the 2009 World Games in Kaohsiung.

Chen said the Kaohsiung City Government and the Kaohsiung City Council would stand by the bank and push for the central government to approve its bid to run the lottery.

"It is the common desire of people in Kaohsiung to win the right to hold a sports lottery," Chen said, adding that the lottery would not only enable the city to take care of the underprivileged but also help promote sports.

Chuang hoped that the Bank of Kaohsiung would secure the contract so that the city government could use part of the funds raised to pay for the construction of venues and other facilities for the Games.

Bank of Kaohsiung chairman Chou Wu-hsiung and general manager Chung Wu-hu are scheduled to brief Ministry of Finance officials today on the bank's operating plan for the lottery.

Taishin International Bank (台新銀行) yesterday said in a statement it would back out of the bidding.

Kaohsiung Bank will compete with Chinatrust Commercial Bank (中國信託商業銀行) and Taipei Fubon Bank (台北富邦銀行) for the lottery business.
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