Last week reportedly saw the government for Turkey launch a public tender in hopes of finding a suitable candidate to power the Iddaa-branded sportsbetting service being offered by the nation’s state-owned SportToto gaming firm.
According to a Friday report from iGamingBusiness.com, the application process is set to run until February 11 and is eventually set to see one candidate awarded with a ten-year contract to provide the operator via a network of at least 6,000 outlets with risk management solutions as well as a central wagering system for parimutuel and fixed-odds sportsbetting.
The Iddaa service has reportedly been assisted since 2004 by the Inteltek joint venture established three years earlier by gaming and lottery solutions innovator Intralot SA in partnership with local telecommunications provider Turkcell. But, this entity’s current decade-long deal is set to expire at the end of August with the Turkish government purportedly hoping that its next partner will be able to help the sportsbetting service generate around $3.1 billion in first-year revenues.
iGamingBusiness.com reported that the winning candidate must be willing to establish a central office in Ankara Province featuring at least 100 local staff and be able to show that it has relevant experience in powering a minimum of 500 sportsbetting outlets. It moreover explained that the government is not keen on accepting bids from consortiums but will consider proposals from joint ventures such as Inteltek.
SporToto and national lottery operator Milli Piyango Idaresi are the only two firms licensed to provide gambling services in Turkey. The government has reportedly declared that applicants are also being required to include expected annual revenue estimates in their bids alongside an expected compensation percentage.