Intralot says Poland's PML has not filed for arbitration over contract dispute

ATHENS (Thomson Financial) 06.07.07

Greek betting technology company Intralot said it has not received a request to go to arbitration by Polands Polski Monopol Loteryiny (PML) over a contractual dispute.

In an announcement to the Athens Stock Exchange, the company said that one of its Polish units Pollot Ltd has a contract with PML from November of 2002 to distribute instant lottery tickets that is currently on foot and it is complying with all of its obligations under the agreement.

Intralot added that the contract with PML only represents 1 pct of the revenues it generates in Poland with the other 99 pct generated by subsidiary Totlotek which is one of the largest fixed odds betting operations in the country.

Yesterday, sources told Thomson Financial News that Intralot will be taken to an arbitration hearing at the Paris International Chamber of Commerce by PML over a 5.2 mln eur claim because the terms of their agreement were too onerous for the Polish company.

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