…there’s a new entrant that has come in the online gambling space of the lottery: Lottoland. And it concerns me. I started hearing about this player earlier in the year. A petition has since been given to me, which I’ve subsequently handed to the relevant House standing committee. Lottoland is a foreign online gambling business that manages players’ bets on the outcome of lotteries overseas. What concerns me is that I’ve been advised that Lottoland, in contrast with existing operators, is based in Gibraltar, which is a tax haven, and apparently it pays no Australian taxes. I’ve been advised that it pays only a $500,000 licensing fee annually to the Northern Territory government and is subject to no other compliance cost or regulation beyond that, including no state or territory lottery taxes…’
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