Polski Monopol Loteryjny /Totalizator Sportowy merger

The shares of Polski Monopol Loteryjny (PML), a much older company, in a poor financial condition, are to be transferred to the capital of Totalizator Sportowy (TS). The scheme was initially accepted by the Finance Minister, and next week the State Treasury Council will examine the issue. According to Minister Woźniakowski, the merger would bring benefits for both companies. "So far, PML has only developed one product, and does not have a well developed sales network. TP, on the other hand, has a well-developed sales network, and controls products in the gaming sector," he stated. Ryszard Naleszkiewicz, the head of PML, is against the merger. "We plan to improve our results and our position on the market within two years. We are going to introduce four new lotteries within a couple of days, and an additional 10 in September. By the end of this year, we plan to have well over 10,000 sales points," announced Naleszkiewicz, who added that the company had generated over zł. 100,000 in profit last year. (Puls Biznesu, pp. 1, 4) A.K.