The Sports Affairs Council yesterday chose Adata Technology Co (威剛科技), a Taiwanese manufacturer of DRAM modules and flash-memory products, as the new contractor for issuing sports lottery tickets.
Sports lottery tickets are currently sold through Taipei Fubon Commercial Bank (台北富邦銀行), which is entitled to sell the lottery tickets until Dec. 31 next year.
The council’s statistics showed that Taipei Fubon Bank has accumulated losses of NT$4.7 billion (US$161.8 million) in the past four years as the exclusive retailer of sports lottery tickets, adding that the bank did not enter the bidding this time.
Fubon has been criticized over its management of the lottery. It was involved in a scandal last year when it emerged that one of its employees was able to reopen the system after finding out the results of games and place bets on them.
The council said that Adata has teamed up with Chinatrust Commercial Bank (中國信託).
Chinatrust’s subsidiary Taiwan Lottery Co (台灣彩券) operates the Public Welfare Lottery in Taiwan and the company has adopted a lottery system manufactured by Greek company Intralot SA.
Adata’s only competitor in the bidding was a team formed by ICP Electronics (威達電) and Taishin International Bank (台新銀行).
According to the council, each bidder was evaluated for financial soundness, past performance, risk management ability and other factors.
Adata is scheduled to start selling sports lottery tickets on Jan. 1, 2014 and owns exclusive rights to sell the tickets until Dec. 31, 2023.