Lottoland has been barred from accepting bets on the outcome of Australian lotteries, after a decision was handed down from Northern Territory Attorney-General Natasha Fyles on Tuesday.
In a statement to the NT News on Tuesday night, Ms Fyles said the move was a response to concerns Lottoland’s “synthetic business practice” had “undercut” Territory businesses and newsagents.
“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 newsagencies 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.
Brill however noted that there were no restrictions on the company’s international lottery products.
He said the offer to give state governments a 15 percent point of consumption tax, and to give newsagents share of revenue still stands.
“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.