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MALTCO LOTTERIES Ltd. has presented the Malta Community Chest Fund with a donation of €12,000. The donation was made to the President of Malta, H.E. Dr. George Abela by Mr. Mario G. Camilleri, member of MALTCO’s Board of Directors, at the President’s Palace in Valletta last Thursday 14th January. Mr. Mario Cassar, MALTCO’s General Director, was also present for the presentation.
Speaking during the presentation, Mr. Mario Camilleri said: “MALTCO’s donation at this time to the Malta Community Chest Fund shows the need for continuous support for the Fund’s sterling work throughout the year and rather than just during fund raising events.” MALTCO’s operation of the National Lottery since June 2004 has also enabled the generation of significant funds to the National Lotteries Good Causes Fund. In fact, up till the end of November 2009, over €4,000,000 were generated for this fund which falls under the remit of the Ministry of Finance. Moreover, since starting operations, MALTCO’s activity has generated nearly €90 million in revenue to the Government by way of initial and on-going license fees and taxes with over 900 people involved in the operation on a full-time or part-time basis. MALTCO LOTTERIES has 27% of its shares held by local entrepreneurs while the rest is held by INTRALOT S.A., the leading supplier of integrated gaming and transaction processing systems, innovative game content and sports betting management, to state-licensed gaming organizations worldwide which is present in more than 50 countries on all 5 continents. |
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