Polski Monopol Loteryjny to launch new prize draw game

There are two companies in Poland organizing and selling games as part of a state monopoly. One is Totalizator Sportowy (TS), which is in viable economic condition, and the other is Polski Monopol Loteryjny (PML), which has been on the verge of bankruptcy for the past few years. The latter signed an agreement in 2002 with Greek Intralot for joint organization of lotteries. The foreign party will be responsible for financing new projects and will spend euro 8 million on expanding PML's network. The companies have recently prepared an appendix to the contract, according to which Intralot will spend about euro 28 million on preparing a new prize draw. The companies predict that the draw will produce revenues of zł. 200 million in 2004. The appendix awaits acceptance by the State Treasury, which is expected to make a decision by April 27. (Rzeczpospolita, p. B3) M.M.