Taiwan Lottery sets 2014 target of $3.47 bln sales

Taiwan Lottery Co, a unit of CTBC Financial Holding Co and operator of the Public Welfare Lottery operator, set its 2014 ticket sales target at NT$105 billion ($3.47 billion), enough to break even in the first year after winning another 10-year contract. 

Ticket sales totaled NT$123.35 billion last year, the highest since the issuance of the Welfare Lottery in 2002. The company in October outbid Taishin Financial Holding Co to run the lottery for another decade starting this year.