21
Tue, Mar
44 New Articles

White & Case, GKC Partners, BASEAK, and Lexist Advise on Successful Bid to Operate Turkish National Lottery

White & Case, GKC Partners, BASEAK, and Lexist Advise on Successful Bid to Operate Turkish National Lottery

Turkey
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

White & Case and GKC Partners have advised Sisal S.p.A. on its successful bid, made with with Demiroren Holding affiliate Sans Digital ve Interaktif Hizmetler Teknoloji Yatirim A.S., for a ten-year contract to operate Turkey's Milli Piyango lottery that was tendered by Turkey's Wealth Fund. Balcioglu Selcuk Akman Keki Attorney Partnership advised Sans Digital, and the Lexist Law Firm advised Turkey's Wealth Fund.

According to White & Case, the Turkish Wealth Fund ran a process to “substantially increase benefit of the lottery to the Turkish public by maximizing revenue and requiring investment and innovation in operational performance.”

The offer presented by the Sisal-Sans joint venture secured the contract within the framework of the bidding process, with bids received from a number of international players. White & Case reports that the contract will operate on a revenue sharing basis, with Sisal-Sans guaranteeing revenue to the Turkish Wealth Fund of more than USD five billion over its ten-year lifetime. It includes the management and development of a gaming system and games on behalf of the Turkish Wealth Fund, and the development and management of a portfolio of numerical games, instant lotteries, and online games that will be distributed across a network of at least 10,000 points of sale.

Sisal, a portfolio company of CVC Capital Partners, is an Italian group operating in the gaming and payment services sector. It manages offering of on- and offline games including lotteries, betting and gaming machines, and also offers public over 500 payment services through its network of retailers.

The White & Case team in Istanbul was led by Partner Asli Basgoz and Associate Partner Emre Ozsar, supported by Ece Kuregibuyuk, Asli Gulum, Irem Kurkcu, and Selin Kaledelen. The team also included Local Partner Michael Leicht and Associate Carola Van Wesel in Frankfurt.

The BASEAK team was led by Partner Selim Keki. 

The Lexist Law Firm team consisted of Partners Eyup Kul and Murat Erbilen, Senior Associate Mesut Kaya, and Associates Furkan Kizmaz, Nazli Nehir Sertbas, Zeynep Azizoglu, Zeynep Calik, and Kagan Burak Arikan.

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

Our Latest Issue