Two new reports on the Turkish gambling industry launched

Working from Istanbul and Amsterdam, GamblingAnalysts.eu launched two new reports on the Turkish gambling industry. Professionals in this industry know how difficult it is in Turkey to get all the information needed for a proper decision.

The two in-dept reports have over 40 pages each, with tables and illustrations: Privatization of the National Lottery - Milli Piyango and Fixed Chance Betting Tender.

“We have the know-how and contacts in Turkey,” states Rob van der Gaast, who founded GamblingAnalysts.eu, “And we have been monitoring the Turkish gambling arena for over 10 years now, and know the face value of the two gaming companies and their growth potential.”

The National Lottery Administration General is the sole authority in the Republic of Turkey entitled to regulate sweepstakes and games of chance, which are in consideration of cash. Amendments set forth in Law Number 4971, enables granting individual or group licenses regarding games of chances for the specified period.

Licenses may be granted to a stated-owned enterprise to be founded in accordance with the principles and procedures to be decided by the Council of Ministers, or joint stock companies founded as per the provisions of the Turkish Commercial Code. A maximum of 10-year licenses may be granted to joint stock companies founded as per the provisions of Turkish Commercial Code.

The preferred company bidder for the license shall pay no less than 5% of its revenue to the National Lottery Administration and no less than 10% of its revenue to the Defense Industry Support Fund.

With regards to sports betting, the Law on Contracting Fixed Chance Betting Games of Sport Contests to Private Legal Entities, contains the tender process and structure for contracting betting games of sport contests to private legal entities.

The scope of the Law excludes horse races, which will remain under the authority of the Ministry of Agriculture and Forestry. The method to be used in the tenders is share of proceeds. The tender will be a sealed-bid tender. Joint ventures may be formed by and between joint stock companies incorporated in accordance with the Turkish Commercial Code and with foreign companies. Partners of the joint venture are jointly and severally liable to fulfill their obligations.