July 29, 2014 2:53 PM ET

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Company Overview of Milli Piyango Idaresi Genel Mudurlugu

Company Overview

Milli Piyango Idaresi Genel Mudurlugu operates as the national lottery company of Turkey. The company was founded in 1988 and is based in Ankara, Turkey.

Ziyabey Caddesi 22

Sokak No:1

Balgat

Ankara,  06520

Turkey

Founded in 1988

Phone:

90 312 286 93 09

Fax:

90 312 286 97 88

Key Executives for Milli Piyango Idaresi Genel Mudurlugu

Chairman of the Board & General Director
Compensation as of Fiscal Year 2014.

Milli Piyango Idaresi Genel Mudurlugu Key Developments

Four Companies Qualified For Milli Piyango Auction

Four companies or groups have qualified in the preliminary tender for the right to operate Milli Piyango Idaresi Genel Mudurlugu, Turkey's Privatization Board said. Hitay Investment Holdings and Net Holding Anonim Sirketi (IBSE:NTHOL) joint venture ane three other companies fulfilled the requirements before the deadline on May 27, 2014, the statement said. The board will sell a 10-year license for Milli Piyango and has the right to make changes until June 12 before placing their last offers on June 27, 2014.

Net Holding Preparing A Bid For Milli Piyango

Net Holding Anonim Sirketi (IBSE:NTHOL) is preparing a bid for Milli Piyango Idaresi Genel Mudurlugu in partnership with Hitay Investment Holdings and Scientific Games Corporation (NasdaqGS:SGMS) as an operational services provider. Net Holding will have a 90% stake in the group and Hitay will hold the other 10%, while Scientific Games will be signed as a service provider before the bid is made. The auction for rights to operate the lottery will take place in June, 2014.

National Lottery To Be Privatized

The Privatization Administration (ÖIB) is planning to launch a process for sale of Milli Piyango Idaresi Genel Mudurlugu (National Lottery). ÖIB is opening a tender and hopes to finish the sale. Finance Minister, Mehmet Simsek said, “We are planning to complete the privatization of the National Lottery by the end of January 2013.” The rules for the new tender were decided by a Cabinet decision in September 2012 and later work to tender off the National Lottery started in November 2012 following a decision taken by the Supreme Privatization Board (MYK).

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