Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Compliance Updates

Premier Lotteries Ireland adjures the Government to spare National Lottery from threat

Published

on

Reading Time: < 1 minute

The Premier Lotteries Ireland (PLI),  which provides online and in-store lottery services in Ireland, called on the country’s government to halt offshore companies that offer betting on draws.

The Irish Sun newspaper reported that PLI met with a number of ministers to discuss the issue in an effort to establish a “legislative solution to prevent damage to the sustainability of the National Lottery and Good Cause Fund”.

Companies that allow customers to bet on the outcome of a draw are spared from making a donation to good causes, but punters are still able to win jackpot prizes.

The newspaper stated that:  “PLI is pushing for a similar law that is in place in the UK whereby bets on the national draw are not allowed.”

A spokeswoman for PLI said: “The National Lottery is concerned at the growth of unregulated, offshore, bet-on-lottery operators over the last 18 months. The parasitic activities of these lotteries are posing a serious threat to the National Lottery, and in turn, the millions raised annually for good causes.”

“We urge the government to take urgent action to protect the National Lottery from this threat. The National Lottery was set up with the express purpose of raising funds for good causes.”

“There is a loophole in the current regulatory environment which allows betting on the outcome of lotteries, and offshore betting companies — underwritten by insurance policies — are exploiting this loophole.”

In response, a spokesman for Ireland’s for Public Expenditure said that it would be “engaging further” with PLI and the country’s gambling regulator “in respect of reviewing the impacts of these online betting websites on the Irish National Lottery and in examining any potential actions that could be considered to address these issues”.

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Advertisement

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.