Turkish Privatisation Progressing Well
By Staff
In Turkey, the privatisation of the State-owned Milli Piyango national lottery is making good progress and could begin as early as next month once the Law on Financial Control, which embodies some articles governing the sale, is passed next week.
According to numerous local media sources, a ten-year operating license is to be issued once the lottery is privatised with 17 percent of revenues going to the new private owner while three percent is held back for administration.
A timetable for privatisation could be announced as early as next week with leading software and lottery companies including Greece’s Opap, which is in talks with the Koc Group to establish a joint venture, and Italy’s Lottomatica expected to be among the frontrunners. Other foreign firms that have already expressed an interest in operating Milli Piyango include Greece’s Intralot, Sweden’s Essnet-Tattersall, Austria’s Austrian Lotteries and Italy’s Sisal alongside American firms Scientific Games and Camelot.
The Dogan Group, the Cukurova Group and IS Yatirim are among the Turkish companies watching the privatisation tender closely as the revenues earned from Milli Piyango tickets constitutes 32 percent of all money made in the lottery market, which features a variety of games including Idea and Super Toto, with an annual turnover of $683 million and $189 million in net profits.
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