by Gaming Industry Media Staff
On Thursday, Lottomatica S.p.A. said it has agreed with Dogan Sirketler Grubu Holding A.S., or Dogan Group, to terminate its fifty-fifty joint venture to participate in the Turkish National Lottery tender.
According to Reuters, a spokesperson from Lottomatica said the tender was "not coherent" with the company's strategy
"Lottomatica has looked closely at ... the operation," a Lottomatica spokesperson was quoted by Reuters as saying. "(The operation) foresees an upfront fee to obtain the license. Such a structure is not coherent with the strategy of allocating capital."
In February, Dogan Group, a Turkish conglomerate, announced a partnership with Lottomatica to bid on the 10-year contract to operate the lottery.
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