Race-horsing circuit announces decision to enter into receivership

The management of the horse-racing circuit Tory Wyscigow Konnych Sluzewiec (TWKS) has announced its intention to enter into receivership, following several years of modest profits. TWKS says one reason for its decision is the fact that it now lacks funds to finance its current activities. According to unofficial sources, Grzegorz Wieczerzak, president of PZU Zycie, and Polish state lottery Totalizator Sportowy (TS) are among those interested in acquiring the company. TWKS sits on 139 hectares of land near the center. of Warsaw. (Rzeczpospolita, p.A1) A.Z.