Turkish National Lottery Reports Four Year Earnings

17 November 2008

Turkey's National Lottery Administration, which is set to be privatized next year, reported total earnings of $4.4 billion in the last five years.

According to the figures compiled from the lottery, the institution paid out $1.9 billion in prizes and contributed some $2.3 billion to public finance during this period, reports the Hurriyet Daily News.

The Privatization Administration Board of Turkey recently opened a tender process for a 10-year license, in which it will receive bids until Feb. 27, 2009.

Companies interested in the tender include GTech-Lottomatica , Essnet-Tattersall, Scientific Games, Camelot, Opap and Intralot, Turkey's Koc Holding, Austrian Lotteries, Sisal, Dogus Group, Alarko and Cukurova Group.