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It was preserved as a record on November 2; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 8 sources · 1 days · First seen · Last updated

Death of Turkish businessman Sudi Özkan

Overview

Turkish businessman Sudi Özkan, widely recognized as the ‘Casino King’, has died in Istanbul at the age of 87 while receiving hospital treatment.

Özkan rose to prominence in the Turkish tourism and entertainment sectors, once controlling 19 of the country’s 78 legal casinos. Following a 1998 legislative ban on domestic gaming, he expanded his business empire internationally through the Princess International Group. His holdings grew to include over 100 companies, 16 hotels, and more than 60 properties across 16 countries, including locations in Bulgaria, Belarus, Georgia, the Caribbean, and the United States.

In Bulgaria, Özkan was the owner of the Trimontium Princess Hotel in Plovdiv, having acquired a majority stake in the landmark building in 1998. His business interests in the region also extended to the sports sector, where he was previously linked to potential acquisitions of the football club Botev Plovdiv.

Entities

Sudi Özkan · Princess International Group · Botev Plovdiv · Trimontium Princess Hotel Plovdiv · Hotel Trimontium

Timeline

  1. [BUSINESS] 3 sources
    Sudi Ozkan, owner of Trimontium Princess Hotel, has died

    Turkish businessman and Princess International Group owner Sudi Ozkan has died at 87. He was a major investor in Bulgaria, notably owning the Trimontium Princess Hotel in Plovdiv.

  2. [BUSINESS] 5 sources
    Sudi Özkan, Turkish ‘Casino King,’ dies in Istanbul

    Turkish businessman Sudi Özkan, known as the ‘Casino King,’ has died in Istanbul at age 87. He built a $4 billion international empire of hotels and gaming venues after Turkey banned domestic casinos in 1998.

Sources

a-specto.bg · habermeydan.com · onedio.com · plovdiv24.bg · podtepeto.com · turizmekonomi.com · turizmgazetesi.com · world-today-journal.com