The attorney general of Australia’s Northern territory has ruled that Lottoland cannot accept bets on the outcome of Australian lotteries.
The ruling from Northern Territory Attorney-General Natasha Fyles was in response to concerns that Lottoland’s business was undercutting territory businesses and newsagents, she told NT News.
“The Territory Labor Government takes online gambling regulation very seriously and we aim to provide a strong regulatory framework for the sports bookmaking industry,” she said. “Concerns have been raised across the country about how this synthetic betting practice has undercut hardworking small businesses, including many news agencies in the Northern Territory. I have listened to concerns and I’m taking action.”
Lottoland Australia chief executive Luke Brill said he was “disappointed” in the decision but would respect the decision and work with the government to implement any changes, NT news said.
Brill pointed out that the ruling does not affect the company’s international lottery products and that Lottoland has offered to pay a 15 percent point of consumption tax, and to give news agents a share of revenue.
“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,” Brill said.
