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Turkey for privatisation of its national lottery
TURKEY ATTEMPTS TO PRIVATISE NATIONAL LOTTERY AGAIN
Tender process to be published later this week.
Turkey will formally advertise a new tender for the privatisation of its national lottery later this week, said Finance Minister Naci Ağbal.
Our readers will recall previous attempts at privatising the entity failed to attract sufficient bidders and were bogged down by the transfer of operational rights issues.
A Turkish consortium emerged the top bidder in the last round in 2014 offering $2.755 billion, however the deal fell through because of a “sharp loss in the Turkish Lira’s value”. Defaulting to the second highest bidder, that deal also failed because the joint venture who had bid on the tender missed the payment deadline.
According to Ağbal, a number of crucial revisions and changes have been made in the hope that the new model will attract more bidders than before.
The government will reportedly take bids until August 5, 2016 with the top bidderawarded the 10-year license.
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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
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Sirplay to Open Argentina Branch -
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DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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