Tuesday, July 22, 2008

Concession process for national lottery firm may start next month.

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Concession process for national lottery firm may start next month. The parliament is expected to adopt a law this week, which will pave way for the concession tender for the national lottery company Milli Piyango, according to news agency Anadolu . After the president ratifies the law, the government will issue a directive to grant the lottery licence to complete the legal framework for the concession. Subsequently, the government will launch the tender in the second half of August, Anadolu suggests. Collecting bids and technical process is expected to take three months, while the licence of Milli Piyango is seen to be transferred by the end of this year, according to the news agency. The government is considering the option of collecting the sale price in one instalment rather than selling out the company on a revenue sharing scheme, Anadolu reports. According to the draft directive, the winning company will receive around 17% of game revenues and Milli Piyango administration will get 3%. Many local and foreign companies are said to be interested in the tender. Italy ’s Lottomatica , Sweden ’s Essnet-Tattersall’s, US-based Scientific Games, Greece ’s Opap , Austria ’s Austrian Lotteries, American Camelot, Italy ’s Sisal, and Greece ’s Intralot are reportedly among potential foreign bidders. Among the local investors expected to show interest in the tender are Dogan Group, Cukurova Holding and Is Yatirim, according media reports.

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Concession process for national lottery firm may start next month.

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