INTRALOT announces Sportoto tender in Turkey

INTELTEK is INTRALOT's subsidiary in Turkey.
INTELTEK is INTRALOT's subsidiary in Turkey.

The operator’s subsidiary has submitted an offer for the management of Sportoto State.

Turkey.- INTRALOT has informed the investor community that on Monday, February 11, it submitted through INTELTEK, its subsidiary in Turkey, an offer to the Sportoto State Organization competition for the management of Sports Betting for 10 years.

INTELTEK submitted its final financial offer on Wednesday, February 13 and awaits the decision of the Competition Committee. INTELTEK has been active in Turkey’s sports betting market since 2004 and manages the current IDDAA betting license with a contract expiring on August 28, 2019.

In addition to participating in INTELTEK, INTRALOT owns 50.01% of BILYONER, one of Turkey’s online betting agents, with a market share of approximately 40% of the online market. BILYONER’s activity accounts for 42% of INTRALOT’s EBIDTA and 55% of INTRALOT’s revenues in Turkey.

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