Online lottery operator, Lottoland has revealed it ‘aims to work with the Northern Territory Government,’ after the Australian regulatory body revealed its plans on banning licensees from betting on Australian lotteries.
The ban come as a result of heavy lobbying against synthetic lotteries, from the Tatts Group and the Australian Lottery and Newsagent Association (ALNA). Adam Joy, chief executive of ALNA has since expressed that he believes the ban is “a positive move.” However, he also emphasised the need for a blanket ban on all synthetic lotteries.
Luke Brill, CEO of Lottoland Australia commented: “Lottoland Australia is disappointed but we respect this decision and we will work with the Northern Territory Government to implement the necessary changes to our business.
“We offer value and choice through innovation to more than 650,000 Australians and, importantly, there are no restrictions on our international products, meaning our customers can continue to bet on the outcome of overseas lotteries.Overseas lotteries are the preferred betting option amongst our customers as they offer larger jackpots.”
He added: “From day one Lottoland has strived to grow the market through our international offering. Every bet placed on an international lottery is incremental revenue that state governments and newsagents can benefit from if they work with Lottoland.
“We are still committed to working with newsagents so they can expand their service offering through our platform and counter the negative impact Tatts’ digital business is having on their revenues. Our offer to state governments on paying a point of consumption tax also stands.
“Now there is clarity from the Northern Territory Government on their position, we look forward to continuing to provide Australian customers an innovative service they value.”
Source: SBC News
