Pollard Banknote has been awarded an exclusive contract by the Taiwan Lottery Co. to serve as its sole provider of instant tickets.
The five-year contract is valid through 31 December 2028 and includes a five-year extension option, with the contract valued at around $66 million over the initial term.
Pollard Banknote has been a provider of instant tickets to the Taiwan Lottery Co. and other Asia Pacific Lottery Association members since 2006, and sales for the current year are expected to reach record levels.
“Over the past 18 years, Pollard Banknote has cultivated a collaborative and trusting relationship with the Taiwan Lottery, and we are thrilled to continue our partnership over the course of the new contract term,” said co-CEO of Pollard Banknote Doug Pollard.
“We are extremely honoured to be a part of the Lottery’s success in achieving its primary goal of supporting underprivileged residents in Taiwan, and deeply admire the Lottery’s dedication to giving back to the community.”
Jonathan Hsieh, president of the Taiwan Lottery Co., commented: “Pollard Banknote continues to be an invaluable partner in supporting our success. Their commitment to quality and producing instant tickets uniquely suited to the Taiwanese market have led to us achieving our highest sales record to date.
“We look forward to continuing this success and growing our sales further throughout the next contract term to benefit social welfare programs across Taiwan.”
Shares in Pollard Banknote Ltd. (TSE:PBL) closed unchanged in Toronto Monday at CA$24.98 per share.