Turkey seeks new tender for national lottery privatization

The government of Turkey announced it will soon collect bids in a tender as it attempts once again to privatize its national lottery, several media outlets have reported.

The country’s Privatization Administration said Friday that it will take the initial bids for the tender starting Aug. 15, according to Reuters. Interested parties, however, must apply for pre-qualification by July 14.

Friday’s announcement confirmed the comments made by Finance Minister Naci Agbal, who told reporters early this week they are planning to award licenses for the National Lottery Directorate, or the Milli Piyango, which will be effective for 10 years.

The country has been trying to privatize its lottery for the past several years, but the government’s efforts have yet to see success. Two years ago, a consortium that includes Scientific Games initially won the rights to operate Milli Piyango for a decade, but the consortium couldn’t arrange the necessary funding after the Turkish lira’s value plummeted in 2014.