Lottoland faces ban from NSW government

The NSW government is looking to restrict the operation of “synthetic lotteries” such as those run by online betting agency Lottoland, local media reports.

Racing Minister Paul Toole said lottery betting products may be in breach of existing wagering legislation.

"Payment of winnings may rely on complex commercial arrangements between the operator and its insurer," said Toole in a statement on Thursday.

“The conduct of synthetic lottery operators may breach existing wagering legislation and the NSW Government is currently assessing options to determine the most effective approach to restrict betting on these lotteries in NSW.”

Deputy Premier John Barilaro said the government had some serious concerns about the products.

“Synthetic lotteries do not have the same level of con­sumer protection as domestic lotteries,” he said.

"Many customers buy tickets in a synthetic lottery, believing they're entering a lottery, when in fact they are instead betting on the outcome of that lottery," he said.

It is understood that Western Australia and Victoria have also announced moves towards restriction, while Queensland is monitoring the situation.

More news from this jurisdiction

AustraliaMonday, Feb 19, 2018

Nick Xenophon, an Australian politician and anti-gambling crusader, has modified his previously hardline approach to the pokies industry, backing away from earlier pledges to push for an all out ban in South Australia.

AustraliaThursday, Feb 08, 2018

Australian gambling operator Tabcorp Holdings on Thursday said its statutory net profit fell more than 50 percent in the first half of the 2018 financial year.

AustraliaTuesday, Feb 06, 2018

The Gaming Technologies Association (GTA) said they “welcomed” the results of the federal court case which accused Aristocrat and Crown of misleading gamblers with deceptive slot machines.

AustraliaMonday, Feb 05, 2018

Accepting and paying out bets in cryptocurrency will soon be banned for operators licensed in the Northern Territory, after the gaming authority released a warning to bookmakers on Friday.

AustraliaSunday, Feb 04, 2018

The Alliance for Gambling Reform is calling for a complete ban on political donations from the gaming industry, after recent disclosures revealed more than A$1.5 million was donated to major political parties in 2016/17.

AustraliaFriday, Feb 02, 2018

The court case against Australian-listed Crown Resorts and slot machine supplier Aristocrat over claims they had given gamblers misleading information about the chances of winning was dismissed in federal court on Friday.

AustraliaTuesday, Jan 30, 2018

A high level of demand for exhibitor space at the Australasian Gaming Expo 2018 has already seen 76 percent of exhibitor space sold, seven months prior to the event opening on August 14.