OPAP AND TURKCELL LODGE BIDS FOR TURKISH LOTTO
(Update)
17 April 2009
Milli Piyango tender is for a 10 year licence
to run the national lottery
OPAP, which operates the Greek government gambling
monopoly, and Turkcell, Turkey's largest mobile phone
operator have lodged seperate bids for the soon-to-privatised
national lottery Milli Piyango.
The tender, held
by the Privatisation Administration (OIB), is for a
10-year licence to operate the Milli Piyango lottery. It
is still not immediately clear when the results of the
tender competition, which involves a number of large
corporates, is likely to be announced.
OPAP is
part of a consortium with Turkish companies Dogus, which
owns Garanti Bank; FIBA group, which has interests in
finance and Istanbul-based builder Alarko Holding.
Turkcell leads a consortium called Sans Oyun Yatirim
Holding AS that includes strategic partner Tepe Insaat.
Interalot and Austrian Lotteries did not bid
despite meeting preliminary criteria.
Dogan
Holding, which owns Turkey's largest media company, and
its Italian partner Lottomatica pulled out of the tender
last week (see previous InfoPowa report).
Reuters news service reports that Turkey registered
privatisation deals of more than $6 billion last year.
The state asset sales programme has stalled because of
fewer financing opportunities and risk aversion during
the global economic downturn.
The winner of the
Turkish tender will receive 17 percent of Milli
Piyango's revenue. The lottery posted sales of Lira
459.8 million ($292.9 million) and Lira 331.8 million
net profit in 2007, according to the latest publicly
available figures.
Online Casino News Courtesy of
Infopowa
More news here.
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