(Bloomberg) -- Azerbaijan’s government said Turkey’s Demiroren Sans Oyunlari Yatirimlari AS will take over running state-owned lottery company Azarlotereya.
YMT Sans BV, a subsidiary of Demiroren Sans Oyunlari Yatirimlari AS, will begin managing Azarlotereya within the next five months, according to a decree signed by President Ilham Aliyev on Saturday.
The Caspian Sea nation is seeking to draw investment and new technology to develop its gaming industry through a public-private partnership, the decree said.
Istanbul-based Demiroren and its Italian partner, Sisal SpA, in 2019 won a tender to operate Milli Piyango, Turkey’s national lottery.
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