Turkey's sovereign wealth fund (TVF) has said a Turkish and Italian joint venture including Sisal Group has submitted the best bid for ten-year rights to operate the Milli Piyango national lottery.
The TVF said that Sisal and Demirören Group's Sans Digital have offered a bid of 9.32bn lira (€1.5bn) for 2020 operating rights to the national lottery, according to its press release.
Other bidders included Intralot, IGT and Sazka, according to Turkish media.
But the fund boosted the revenue guarantee to 9bn lira for the first year from an earlier 7.5bn lira commitment and the other bidders dropped out, the publications said.
Demirören owns media outlets Hürriyet, Kanal D, CNN Türk and Posta.