Greeks demand PLN 50m from Poland

04-01-2008, 15:02

Warsaw (Puls Biznesu) – Intralot wants compensation from PML gambling company.

Intralot, the gambling giant, had a chance to submit claims against Polski Monopol Loteryjny (PML) company which ceased to exist till December 20th. Via its subsidiary Pollot, Intralot demanded over PLN 50m (EUR 13.9m). The Greeks believe that the fact that state-owned PML was liquidated, resulted in breaking the agreement signed in 2002. The contract provided for 10-year-long cooperation. The Polish company rejects the claim and reminds that it claims PLN 30m from Intralot because the company did not fulfill the provisions of the contract. The case is being viewed by Paris arbitrary court.

The cooperation was supposed to increase PLM sales from PLN 3m in 2002 to PLN 100m in 2005. In 2006, the state-owned company had PLN 1.07m of sales. It was close to bankruptcy, so in August 2007, the government decided to close the company.

(PLN 1 = EUR 0.279)

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Inne / Greeks demand PLN 50m from Poland