Malta
Lottery CEO Responds to Article
As reported by the Malta Independent:
"People are not gambling more than Lm2
per week, even when the jackpots are huge, Maltco
CEO John Katakis told The Malta Independent.
"Mr
Katakis was replying to an article in this newspaper's
sister, The Malta Independent on Sunday, written
by columnist Alfred Mifsud.
"Mr
Mifsud wrote on Sunday that people were not
buying staple goods, including food, but instead
preferred to spend more on Super Five tickets,
especially when it is a large jackpot, as was
the case last week.
"Dr
Katakis said Maltco figures show that it is
not that people spend more, but that more people
tend to try their luck when there is a large
jackpot.
"…Dr
Katakis also referred to a report published
in Malta Today, in which it was claimed that
Super Five made a turnover of in excess of Lm5
million. He refuted the claims, saying that
this was not true, even when there are huge
jackpots to be won…"
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