TS seems to be losing at its own game

By the end of July the concern posted revenues of zl.1.2 billion which is 8% lower than in the same period of 2005. Analysts claim that the main reason for this is not due to the market, but rather due to mismanagement of the enterprise. When Law and Justice (PiS) took office, it wanted to rapidly change the CEO and in so doing it sidestepped regulations. As a consequence, TS has no official president and is managed by Waldemar Milewicz and Slawomir Lopalewski who have not been able to improve the company's fortunes. Their main idea was to increase the price of the Duzy Lotek's lottery ticket by 60%, in a hope it would increase revenues by zl.200 million. However it is now apparent that the price increase has not been compensated for by the loss of clients. They also wanted to increase the sales of lottery tickets, but July's results shown that these also fell by 33%. Analysts say that TS needs new games and distribution channels. (Puls Biznesu p. 8) M.M.