Turkish lottery privatisation delayed

The bidding deadline for Turkey's national lottery will be pushed back by a month at the request of investors, Reuters has reported.

"There is no shortage of interest from investors in the national lottery," Metin Kilci, the privatisation administration chairman told the news service. "We expect that the privatisation process will be completed successfully."

The previous deadline for pre-qualification by interested potential operators was January 15 2009, with bids for the 10 year licensing deal accepted by the Privatization Administration Board until Feb. 27, 2009.

The winner of the coveted operating license will retain 17 percent of revenue after sales and gambling taxes.

Companies expressing interest have included Intralot S.A. of Greece and Turkey's Koç Holding. Camelot Group, which operates the United Kingdom's National Lottery, may also bid, as well as Essnet A.B., Tatts Group Ltd., Gtech Holdings Corporation, Lottomatica S.p.A., Osterreichische Lotterien G.m.b.H. and Sisal S.p.A.

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170