The folks who negotiated Taiwan Sports Lottery Corp.’s contract opted to give the government a percentage of projected, rather than actual, revenues. How could that possibly go wrong? Well, first they had a late start opening for business. Then, when Taiwanese sports bettors discovered they could only place parlay bets with the Corp., they chose to bet with underground bookies instead. Bottom line, the Corp. did a little more than half the business they’d projected. Not surprisingly, they’re looking to renegotiate. Read more.
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