Intralot Uncertain In Poland But Reassured In Greece

Greek betting technology company Intralot is facing an arbitration hearing at the Paris International Chamber of Commerce, instigated by the Polish Government over a €5.2m claim.

According to reports in Thomson Financial News, Poland’s Supreme Chamber of Control has blamed the previous management of the state run monopoly Polski Monopol Loteryjny (PML) for agreeing to unrealistic contractual terms with Intralot. PML is in turn accusing Intralot’s Polish unit Pollot of not satisfactorily expanding its branch network and not meeting sales targets. Reports also indicated that PML may cease its operation at the end of the month due to poor financial performance.

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