Polish Lottery Monopoly approaching bankruptcy

"I neither confirm, nor deny the rumors. All will be solved during the general shareholders' meeting before the end of June," said Wiatr. While PML's ultimate fate will not be known until then, Puls Biznesu claims that Wiatr is pushing for the company's liquidation, having already submitted a motion for its closure which has been approved by the supervisory board. Considering the company's poor financial standing though, closure could be inevitable. In the mid 90's its annual turnover exceeded zł.30 million, a figure which dropped to zł.1.07 million by 2006. The Supreme Chamber of Control (NIK) suggests that this degradation is due to PML signing an unfavorable product distribution agreement with its Greek partner Intralot, adding that this contract could give PML grounds for a compensation claim of as much as zł.50 million if it is bankrupted. (Puls Biznesu, pp. 1, 12) M.M.