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Lottery stores outnumber 7-Elevens in Taiwan: broker
Central News Agency
2014-02-12 10:33 PM
Taipei, Feb. 12 (CNA) Taiwan, which is said to have one of the the highest concentrations of 7-Eleven convenience stores in the world, now has more lottery outlets than 7-Elevens, a local real estate broker said Wednesday. Tseng Ching-der, a researcher at Sinyi Realty Inc., said there are nearly 5,600 lottery stores around the country, 12 of which are located along one section of Nanjing East Road in Taipei. By comparison, the number of 7-Eleven convenience stores throughout the county total 4,920, a figure that represents a density of about one per 7.35 square kilometers, the fourth highest in the world after Macau, Hong Kong and Singapore. Tseng said high sales of lottery tickets in Taiwan have driven up demand for outlets. There is also a growing trend of renting small partitioned spaces to sell lottery tickets, he said, adding that the monthly rent for lottery stores could range from NT$30,000 to NT$50,000, depending on the space and location. Revenues from Taiwan's government-sponsored lotteries reached a record NT$138.1 billion (US$4.5 billion) last year, an annual increase of more than 30 percent, according to official statistics. (By Wei Shu and James Lee)
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