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Two Companies Pull Out Of Turkish Lottery Bid
According to a Turkish Press report the bidding for the Turkish lottery privatisation contract is now less competitive following the withdrawal of local group Dogan Holding and its Italian partner Lottomatica. Both companies had already met the government's preliminary requirements for bidders.
Dogan advised the stock exchange that it's withdrawal was due to adverse market conditions, but little more is known beyond that.
In a separate statement, Lottomatica, one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry, announced that it has exited the Turkish process and that it had terminated the memorandum of understanding signed earlier with Dogan Holding to participate in the tender.
The much delayed privatisation process for Turkey's state-owned national lottery is expected to begin in August after enactment of a bill on financial control.
Along with several foreign companies, Koc Group, Cukurova Group and Is Yatirim are among the Turkish companies competing in the tender process for management of the lottery, which generates an annual turnover of US$ 683 million and US$ 189 million in net profits.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
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