International Bidders for Bulgaria State Lottery
By dave
FOUR offers have been submitted to the Ministry of Finance to participate in the tender for the privatisation of Bulgaria's State Lottery.

The four bidders are Scientific Games International of the US, Itralot of Greece, Austrian Lotteries and Sweden's EsNet.

Intralot, owned by Greek millionaire Socratis Kokalis, is participating in the tender together with their subcontractor, Moment Lottery, also of Greece.

Kokalis's company has already made its way to this country. In February last year, it acquired 49 per cent of Eurofootball. So far, Intralot has won the state lottery tenders in Chile and Romania.

The other bidder, EsNet, is taking part through their Australia-based office. Their documents have been submitted online and the public procurement committee is yet to rule whether the company is eligible to participate in the procedure.

During the preliminary selection of the contractor for the public procurement, assigned by Minister of Finance Milen Velchev, a special committee is to assess whether the candidates meet the requirements set out in the tender notice, as well as their financial and technical capacities to fulfil the procurement. Within a month, the committee is to wind up its work and present its decision to the minister.

The bidders will be notified whether their offers have passed the preliminary round of the deal and will enter the stage of negotiations. After this, the approved candidates have to confirm participation in writing within seven days after the receipt of the invitation.

The candidates need to have at least five years of experience as a gambling operator, particularly in the area of lottery games. They should have registered capital of no less than $15 million and a minimum of $10 million turnover for each of the past five years, casino management turnover excluded.

About 11 per cent of the revenues go towards public health, education, culture and the social sector, 50 per cent are allocated to paying for lottery prizes and about three per cent are put in the lottery risk fund.

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