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Retracting Interest

The pending Turkish lottery market has been a great source of concern and interest for a lot of European online casino gambling groups because of possible profits that will arise with the privatization of the Turkish market. One of the major partnership deal vying for the Turkish lottery license was a deal between Lottomatica, an Italian company with extensive interests in the international lottery market and Dogan, a Turkish-based gaming company. In an interesting turn of events, those two companies chose to withdraw their interest in the Turkish lottery tender. There has been little information given on why the companies withdrew their tender – they were already preliminarily approved.

The online casino gambling industry has been going strong over the past year and there has certainly been a bit of speculation that the Turkish lottery market will similarly prove lucrative. The one statement released by the two companies though indicates that this is, perhaps, not the case. Dogan and Lottomatica cited adverse market conditions as the reason for withdrawing their interest in the Turkish lottery market. For the other gaming and gambling companies interested in the privatization of the Turkish lottery, this comes as a welcome surprise – there is now less competition and the Lottomatica brand was a very real contender for winning the right to the Turkish lottery because of the company’s extensive knowledge of international land and online casino lotteries.

Lottomatica and Dogan have mutually decided to bring an end to their previous partnership agreement now that there are no further plans to access the Turkish market. As for the Turkish market – there is just no telling when the privatization of the land and online lottery will actually happen – that has been in the works for some time now and yet very little has happened in the way of actually choosing a lottery company and finishing the privatization process.