The Australian state is set to impose restrictions on the operations of gambling giant Lottoland.
Australia.- New South Wale’s government is studying new restrictions on the operations of synthetic lotteries, which could be breaching the current wagering legislation in the Australian state. The alleged target would be Lottoland, the Gibraltar-based lottery operator that has been accused of causing a major dip in tax revenue from local lotteries.
Deputy Premier John Barilaro said that the government needs to protect those customers that have been hurt by the outcome of a lottery. “Synthetic lotteries do not have the same level of consumer protection as domestic lotteries. A domestic lottery has a guaranteed prize pool, and is bound by strict terms and conditions and robust regulations. A synthetic lottery, on the other hand, is no more than online gambling.”
Moreover, the Racing Minister Paul Toole confirmed that the government is studying new solutions regarding the restriction on betting on synthetic lotteries. Toole added that “the NSW Government is currently assessing options to determine the most effective approach to restrict betting on these lotteries in NSW.”
Last month, Western Australia said that it wants to protect Lotterywest after figures revealed more locals are choosing online services. The thriving segment is hurting traditional lottery and reduces the chances of Western Australians buying lotto tickets generating a US$47.9 million slump in Lotterywest sales last financial year.