Inteltek makes best bid for Turkish betting firm
Posted by meb at August 28th, 2008
The Inteltek venture of Greece’s Intralot and Turkish mobile phone operator Turkcell made the best bid on Thursday in a tender to operate the Turkish sports betting company Iddaa.
Tender commission Chairman Mustafa Turgut said Inteltek, current operator of Iddaa, had made an offer to take 1.4 percent of revenue under the revenue-sharing scheme, the lowest of three offers, in the final round of bidding.
The tender is subject to the approval of regulatory bodies. It approved then Inteltek will be given the rights to operate the company under the 10-year deal.
“After a maximum three-day approval period, the administration will make its judgment and inform the parties of the result in writing,” Yunus Ucar, head of the government’s betting authority said during a live televised tender.
A consortium of Turkey’s Dogan Yayin Holding, Italy’s Lottomatica and Snai had made the best bid of 6.1 percent in the first round.
Dogan Yayin shares had surged 8 percent after the first round, but after the tender they were up just 2 percent.
Britain’s Ladbrokes had also taken part in the tender in a venture with Turkey’s Lotos.
source: Hurriyet daily
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