Serbian Consortium Wins Bid to Operate Kyrgyzstan’s National Lottery
A group from Serbia has won the right to manage a nationwide lottery in Kyrgyzstan. This alliance, consisting of Serbian firms Elbet d.o.o and Axel Capital, was selected through a competitive tender procedure.
Kyrgyzstan’s government-run lottery organization began seeking a private collaborator in October 2021. A roster of qualified businesses was compiled by November, with the Serbian group ultimately chosen.
It’s important to mention that while the group has been chosen, the final contract is still pending. The state lottery organization is anticipated to complete the agreement soon, after which the group will establish operations in Kyrgyzstan.
Founded in 2002, Elbet d.o.o is a tech company specializing in software for the gaming and lottery industries. They have a worldwide footprint, collaborating with over 80 operators, including partnerships with four national lotteries. Their offerings encompass a variety of digital, virtual sports, and casino-type games.
Established in 2002 by Anna Nikolayevsky, Axel Capital Management brings significant expertise in investment management to the collaboration. As a hedge fund, they utilize a comprehensive strategy to pinpoint and leverage investment prospects across various global sectors.
Prior to this role, Mr. Nikolaevskiy developed his analytical abilities at Zweig-Dimenna Associates and Goldman Sachs Asset Management.
