Lottoland Vows To Fight For Right To Operate In Australia
Gibraltar based online lottery operator Lottoland is vowing to put up a fight in Australia ahead of a planned debate in the House of Representatives on Wednesday. Lottoland are in a public battle to retain the right to offer what many term “synthetic lotteries” to their 700,000 customer base. Australia Lottoland CEO Luke Brill has said they will consider a High Court Challenge if the legislation banning betting on overseas lotteries passed the federal parliament down under.
Lottoland’s main claim to the voices looking to ban them is that they are a victim of monopolies like Tatts Group who see Lottoland as serious competition and a threat to their market share. Lottoland have always contended that the real motive behind the smear campaigns against them is due to the fact that they are disruptors in a sector that does not have too many competitors.
Brill went on to say that Lottoland is fully regulated and compliant and should the ban come into play it will simply harm the consumer as it creates a monopoly like market.
In the most recent development Lottoland has received support from one of the newsagent groups namely the Victorian Association for Newsagents who have said the planned legislation to ban Lottoland like operators will hurt small business and stop increased competition. The latest offer by Lottoland to newsagents is a 12 percent revenue share that will be given to the newsagents of the sales.