Lottomatica pulls out of Turkey tender
According to Reuters news service, the partners had met preliminary requirements for a bid to operate the Milli Piyango national lottery but Lottomatica has revealed that a tender is not now in line with its current strategy.
"Lottomatica has looked closely at the operation," said a spokesperson for Rome-based Lottomatica. "[The operation] foresees an upfront fee to obtain the licence. Such a structure is not coherent with the strategy of allocating capital."
The spokesperson revealed that any investment should be focused on lottery activities rather than on acquiring the license. "A decision has been taken not to bid in a tender for the Turkish games of chance licence due to current conditions," Dogan announced in a statement to the Istanbul Stock Exchange.
Last month, Turkish tax authorities froze the bank accounts of Dogan subsidiary, Dogan Yayin, which is the nation's largest media company. They also blocked the sale of stakes as part of a legal wrangle over a us$ 500 million penalty for alleged tax violations.
UAE Lottery announces second AED 5 million winner in two months
Bally’s Intralot wins up to 12-year contract with Chile’s state lottery
UAE Lottery opens first retail shop in Abu Dhabi
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
CT Interactive expands portfolio, boosts Bulgaria presence in April
William Hill owner Evoke to close 270 shops as losses widen on tax hit
Flows secures Pennsylvania Gaming Control Board authorisation
Sportsbook integration: Deploying betting widgets at scale
Riddec Games enters Nirmata Play distribution network through Stargate partnership
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
