Şans Girişim venture places best bid for İddaa

ANKARA

The top bid to operate İddaa, Turkey’s only legal sports betting company, has come from Şans Girişim.

In the tender held on Feb. 13, the Şans Girişim venture offered a 0.2 percent revenue-sharing deal, down its previous bid of 2.1 percent. A rival bid by Inteltek - a venture between Turkish mobile phone operator Turkcell and its subsidiary Intralot - offered 0.5 percent.

Inteltek won the rights to operate İddaa in 2008 for 10 years with a 1.4 percent commission.

Turkcell’s shares were down 0.2 percent as of 5:00 p.m. local time.

Inteltek was the only bidder in an initial tender held in November last year. The commission running the tender canceled bidding a month later, citing a lack of competition.

All other betting and gambling platforms are banned in Turkey.