According to Lottoland, sales and client registrations both increased in 2017 in contrast to 2016. Already in 2018 punters won more compared to the whole of 2017, said Graham Ross, its Irish head.
The so-called disruptor company situated in Gibraltar intends to attain a part of the National Lottery’s business which is owned by the state, by providing online bets on the Euromillions, National Lottery, and other global lottery games. The 2017 total Lottoland sales were slightly more than 0.1pc of the National Lottery’s during the same time.
Ross criticized the lack of presentation of an updated directive for the industry.
‘Each person agrees that an improved regulatory structure is required for online gambling. It should be a just, maintainable one that shields consumers and forms a positive and supportable marketplace,’ he remarked.
He also said that the shortage of regulation like this had restricted the prospects of firms like Lottoland ‘to think of Ireland as an opportunity for investment to create an infrastructure based on online gambling.’
‘A flow of innovation exists in this area and a chance for Ireland to become a center, though it’s not definite, where the regulatory matter is concerned. It presents more difficulty for companies to decide to shift here.’