Dogan to bid for Turkey's National Lottery with Italian Lottomatica

A memorandum of understanding has been signed with Italian Lottomatica S.P.A to form a joint venture to join the tender for the National Lottery, the statement said.

Lottomatica Italy is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry.

The privatization process for Turkey's state-owned National Lottery is expected to begin in August. The process will officially start after the enactment of the bill on financial control.

Koc Group, Dogan Group, Cukurova Group and Is Yatirim are among the Turkish companies closely monitoring the privatization tender.

The National Lottery has a 32 percent market share in Turkey with an annual turnover of $683 million and a net profit of $189 million.