Post by
warrenbuffet99 on Nov 26, 2001 12:00pm
Great news for CTORF
Soccer Lottery to Be Launched in 12 Cities
In the past five years, the national sports lottery tickets, out of a total sale of 18.3 billion yuan, has generated an earning of six billion
yuan for public funds, and it has thus opened a new channel for the development of sports industry in China.
Yuan Weimin, director-general of State Sports Administration, called on February 5 for a composed and careful operation of sports lottery.
Sports lottery business as a strong support for sports industry has been preferentially authorized by the government, therefore, we should
make the best use of it, said Yuan. Lottery selling in this year is expected to reach 12 billion yuan, which is much higher than that of last
year. Among the cities granted the issuance of sports lottery, Sichuan's GDP ranks the 11th place in the country, however, its lottery
earnings run up to the second. The average sales amount per person in Tibet tops the country.
The Ministry of Finance has approved of issuing the soccer lottery to 12 provinces and cities, including Beijing, Shanghai, Tianjin,
Liaoning, Guangdong, Shandong, Sichuan, Chongqing, Zhejiang, Jiangsu, Fujian and Hubei. The experimental operation of Soccer lottery
in the 12 provinces and cities should be managed with care and attention and no monkey business should be allowed before it is to be
extended to the whole country. In the meantime, the building of a computerized lottery-selling network is called for in order to help boom
the development of lottery industry in western regions.
Yuan also stressed the open and transparent management and use of the lottery earnings. As previously reported, in some areas this
earning was devoured or taken away for other use, especially in the poverty-stricken areas. This is in violation of the related regulations
and must be punished rigidly. All lottery profits should go to the development of China's sports industry.
Comment by
Kingbee3 on Nov 26, 2001 12:04pm
News on the subject coming this week.