Australia – Northern Territory bans Lottoland’s modelBy Phil - 15 November 2017
The Northern Territory Government in Australia has voted to no longer allow betting on the outcome of Australian lotteries.
Advising the Northern Territory Racing Commission, Attorney General Natasha Fyles said the move to ban NT licensed bookmakers from taking bets on the outcome of Australian-based lotteries had been forced by Lottoland’s ‘synthetic business practice’ which had ‘undercut’ businesses in the region.
She said: “The Territory Labor Government takes online gambling regulation very seriously and we aim to provide a strong regulatory framework for the sports bookmaking industry. Concerns have been raised across the country about how this synthetic betting practice has undercut hardworking small businesses, including many newsagencies in the Northern Territory. I have listened to concerns and I’m taking action.”
Luke Brill, CEO of Lottoland Australia said Lottoland Australia was ‘disappointed’ but that it ‘respected the decision’ adding that it would ‘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,” Mr. Brill said. “Overseas lotteries are the preferred betting option amongst our customers as they offer larger jackpots. Every bet placed on an international lottery is incremental revenue that state governments and newsagents can benefit from if they work with Lottoland.”