4/18/2008

National Lottery tender to be held on Q2

The New Anatolian - A tender for the privatization of Turkey's national lottery is expected in the second quarter of this year, Turkish privatization authority officials said on Thursday. Major international lottery operators as well as national firms are expressing willingness for the lucrative business, sources have said. International lottery operators such as British Camelot, Greek Opap and Intralot, Italian Lottomatica, Austrian Osterreichische as well as Turkey's Koc, Sabanci, Dogan, Cukurova and Dogus groups are wiling to engage in the auction. The winner of the tender is expected to start running the national lottery in early 2010, at the latest with an operating right for seven to ten years. Milli Piyango has 32 percent of market share in Turkey with an annual turnover of 683 million USD and 189 million USD of net profit.

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