Ma Ying-ju Promises to Open a Gambling Place
Taiwan's President-elect Ma Ying-jeou announced on April 9 that he was pushing to open a gambling business to help Peng Hu with his economic difficulties. This project will promote the development of offshore Fenghu. The residents' appeal has finally been made, and is to use the proposed gambling business to revitalize the sluggish economy. To add to this, many other small areas are also actively seeking permission for the development of gambling businesses. The extended amount of money that the gambling business could revitalize the economy did not pass in Taipei, Kaohsiung, Miao, Taoyuan, Taichung, Changwa, and Taichung. Ma also told the official residents of Penghu that the gambling business could develop further when the central government could delegate the local government. This will help to infer whether the business is truly successful, and after gaining consensus from local referendums or local councils, the majority supported the proposal to open it up. Ma personally visited Penghu to thank the gambling business support group.
Feng Hu has been preparing for the development of the gambling business for a long time. Jack Ma gave the airports access to direct flights to Taiwan, which could attract Chinese tourists from China's southern coastal region, most importantly southern Fujian province, boosting Penghu tourism. Not only does Penghu's preparations include new travel improvements, but the current government has also given permission to develop gambling businesses at four other locations in Penghu. These include the site of the maijing funkui resort, the great funghu international resort, the funghu marine development company, and four hectares of land owned by the current government. In particular, the access granted to these four places harnesses great potential for Peng Hu's economic future.
Wang Chien-Kang Penghu County Magistrate announced that four foreign companies have expressed great interest in investing in Penghu's gambling business due to his convenient location and favorable conditions. The area is very attractive to four groups, including Malaysia's Genting Group, as it is conveniently accessible to Makung Airport through charter flights, and U.S. gambling companies are also preparing to intervene in Taiwan's gambling industry. Four leading American business groups - MGM, Harras, SANDs, and Wynn - provide information to the government on legislation for casino management, and American groups are also suitable sites for evaluation for potential gambling businesses in Taiwan.
Taiwan launches sports lottery in May
To earn proceeds that will contribute to the development of sports and the improvement of life for the disabled Fubon Bank, Taipei-Taiwan's Fubon Bank will launch a sports lottery in May that will generate about T$1.07 billion $354 million in revenue this year. Taiwan launched a public welfare lottery in 2000 to benefit disabled people by allowing lottery sales for the first time. But the idea spurred a much larger rollout of sports gambling, using the proceeds to promote sports and boost the economy. 온라인카지노사이트
Last Friday, an official said, "We will release a sports lottery ticket on May 2. In the early stages, we will introduce bets on baseball, basketball, and soccer both at home and abroad," Yang Jutong, vice president of Taipei's Fubon Bank, which ran the country's public welfare lottery for five years until 2006, said in an interview with a Chinese broadcaster. Taipei Fubon Bank, a subsidiary of Fubon Financial Holdings, Taiwan's second-largest financial services company by market value, won the right to run the sports lottery from 2008 to 2013.
Yang estimates that Taiwan's sports lottery will start betting on 2,000 games a year, which will need to cover 6,000 a year to make significant profits in addition to helpful profits. Half of Fubon Bank's designated retailers will start selling lottery tickets on day one. Yang predicts that the number of designated retail stores in the lottery will rise to 1,000 by June, a big growth that may also be fueled by banks' ideas to introduce an online betting system in mid-June.
The lottery will first focus on NBA basketball and Major League Baseball in the U.S., and locals will be able to bet on local baseball games starting in mid-August. Yang said he tries to deal with various sports, including American baseball, basketball, and European soccer games. Since the European soccer match will be held on Saturday evening, Taiwan said they will not only have their own betting match that night, but also cover the Japanese-Korean soccer match that Sunday. Betting can take place 22 hours a day, every day throughout the year. This will bring impressive funds, revenues, and revenues for the government to improve the lifestyle of the disabled in Taiwan.
With a wide variety of games covered, Richard Yang predicts that annual profits from sports lottery games will grow to T$30 billion by early 2009. Noting the popularity of online/telephone voting in Hong Kong and Singapore, Yang says that once people learn how to successfully bet through the medium, the online system that Fubon Bank plans to implement could contribute to 40% of its total revenue. However, he doesn't ignore the fact that retailers will still be a major source of income. He is confident that the online system will not take away the retailer's profits. Each of the 1,000 retailers is expected to earn an average of about $18 million, even higher than the average $11 million posted by the bank's prized public lottery retailers.
