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.
