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Maltco to bag over Lm1 million in Super 5 sales
By MaltaMedia News
Dec 9, 2007 - 11:45:32 AM
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Amid concerns from anti-gambling groups that Malta is turning into a nation of gamblers, Maltco is expecting to bag more than Lm1 million in Super 5 ticket sales in just a fortnight,
The Sunday Times reported.
According to Maltco, Super 5 sales reached Lm538,259 last week when the jackpot was Lm470,000. This means that more than 828,000 tickets were sold.
Next Wednesday’s prize sees a guaranteed minimum prize of Lm500,000 for whoever guesses the five numbers on Wednesday. Maltco estimates it will sell more or less the same number of tickets with the chances of winning being just one in 850,668.
If nobody guesses the five numbers on Wednesday, the jackpot will continue to rise, making it the highest ever Super 5 prize.
The lottery frenzy is not going down well with businesses, which have complained of falling sales as people spend their earnings on lottery tickets.
Speaking to
The Sunday Times, chief executive of the Foundation for Social
Welfare Services Mr Joe Gerada said that his primary concern is the number of gambling halls that are increasing.
"There is nothing to state that gambling halls should not be close to youth centres, sixth forms or other areas which attract youngsters," Mr Gerada said. And although the law prohibits under 18s from playing, gambling machines are very accessible to them.
"This activity brings with it risks of gambling problems and the other problems, including family breakdown, the need for therapy and loss of working hours that society will have to pay for. We are very worried," Mr Gerada said. Between 2005 and 2006, the number of people, mostly in their 20s and 30s, who contacted the addiction agency Sedqa for help doubled.
The Sunday Times also reported Joe Gerada as saying that the industry which earns million, carries out advertising campaigns which ‘should be moved to at least 2100 CET’.
On Thursday, GRTU complained about the fact that the Super 5 jackpot was not won and said this will result in people spending more on lottery tickets rather than on buying goods and services, thus hurting sales in supermarkets, bars, restaurants, household good stores amongst others. Read more.
© Copyright 2007 by MaltaMedia.com
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Latest update:
Dec 10, 2007 - 3:46:00 PM CET
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