Lottery bets to be more expensive due to board strife
It has been recently revealed that the revenues of TS fell in Q1 this year by around 20%. The poor results have been caused by confusion surrounding the authorities of the company, since Law and Justice introduced changes to the management board, as the registry court ruled that the changes violated legal regulations. As a result, in accordance with the court, the president of the company remains Mirosław Roguski, who was dismissed in January this year, and the company does not have any supervisory board members. The new plan which envisages a price increase from the current zł.1.25 which remained at this level since 2000, to zł.2, is to bring zł.200 million of additional revenues in 2006. Market analysts disagree, howeve,r with this opinion and claim that such a decision would not cause any increase in turnover. (Puls Biznesu, pp. 1, 8) A.K.