At an Extraordinary General Meeting of the Lotto Receivers Union held earlier last week, it was unanimously approved that the Lotto Receivers Union affiliates its members with the GRTU Malta Chamber of Small and Medium Enterprises.
This affiliation comes at a time when Maltco Lotteries Limited has just initiated its 10-year contract in relation to lotto and other lottery games in Malta and Gozo. Maltco thus continues on its earlier eight-year contract.
As such GRTU has requested a meeting with Maltco, which will be held in mid September, to discuss a few issues that need trimming in the current agreement between Maltco and the individual lotto receivers. GRTU is proactive in such situations to put win win situations on the table. “We want to see our members gain more profits and in the meantime Maltco is exceeding its sales targets.
“We cannot do this through a dividing wall. We will make this happen if both parties work together in the coming 10 years. No business is fruitful if it is one-way traffic. Together we are able to go beyond our customers’ expectations,” GRTU commented.
It claimed that one lotto receiver has been deprived of his livelihood because Maltco has requested a 140 per cent increase in his individual bank guarantee. It has literally switched off his point of sale.
GRTU has asked Maltco to restore this individual’s livelihood by close of business and of course the matter will be cordially discussed in the first meeting and a solution acceptable to one and all is reached. “We are aware that guarantees or some sort of fiscal arrangement is in place so that Maltco’s receipt of income is never in jeopardy.
“Nor do we not want it to, either. GRTU was born out of businesses wanting to safeguard their own interests. To us Maltco is a business too. Even more, it is there and providing a livelihood to many families and we want that relationship to flourish and grow,” GRTU commented.