Press Release

PRIME MINISTER OF MALTA ATTENDS MALTCO LOTTERIES 1st ANNIVERSARY CELEBRATION
21/07/2005

On July 19th, the Honourable Prime Minister of Malta, Dr Lawrence Gonzi, accompanied by the Hon.Tonio Fenech, Parliametary Secretary in the Ministry of Finance, visited Maltco Lotteries, a subsidiary of INTRALOT S.A. During his visit Dr. Lawrence Gonzi, received a tour of the company, was given a brief presentation and discussed with the management of Maltco Lotteries its successful progress and its further development.

Prime Minister of Malta, Dr Lawrence Gonzi, attended the reception held to celebrate Maltco Lotteries’ 1st Anniversary, that took place at Palazzo Parisio. The reception also attended by members of the government, political parties, lottery & gaming authorities, journalists and other distinguished guests.

The Prime Minister congratulated everyone involved to secure the successful development of Maltco Lotteries. During his speech, Dr Lawrence Gonzi, acknowledged the benefits of privatizing MALTA’s public lottery. He also added that despite the initial scepticism for this change, the results exceeded their expectations. Finally, Dr Lawrence Gonzi, stated that Maltco Lotteries’ success fosters economic efficiency and plays an important role in the country’s economic growth and development. Finally, Dr Gonzi said that he hoped the company would help the government in its battle against illegal gambling.

INTRALOT’s CEO, Mr Constantinos Antonopoulos, praised Malta’s Government for being one of the pioneers in the privatization projects worldwide and noted : “Here in Malta we have undertaken a very important project and have proceeded with an investment of LM 13 million, one of the biggest investments in the country during the last couple of years. We have provided the Maltese Lottery with our cutting edge technology and a complete range of games and modern services”. 

MALTCO LOTTERIES LTD is established by a consortium where shareholders are: INTRALOT S.A. (GR), Players Group (M) and ASL (M). Currently MALTCO employs 65 people (95% Maltese) with the total investment program of 13 million LM.  MALTCO is a modern lottery organization, which operates according to the highest standards in management, marketing, security and quality control fields. The highly qualified workforce of the company has gained valuable knowledge from the transfer of know-how from INTRALOT.