Turkey’s Net Holding wins national lottery privatisation tender
A unit of Turkish tourism company Net Holding has won a privatisation tender to operate the country’s national lottery for 10 years for $2.76bn.
Net Sans-Hitay secured the tender above two competitors –Czech investment groups KKCG and Emma Capital, who made a combined bid, and Italian provider GTech S.p.A.
While the tender was won on Tuesday, Reuters reports that the country’s privatisation administration has said it now has to be given final approval by Turkey’s privatisation and competition boards as well as by a high court.
Turkey had planned to privatise the lottery in 2009 but the idea was scrapped after two bidders failed to meet the $1.6bn minimum asking price. Instead it opted to sell licences for games operated by the lottery.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
