Aussie newsagents take a bite out of Lottoland’s sweet offer

Beleaguered online lottery betting operator Lottoland is waiting for the tides to turn after a group of Australian newsagents agreed to consider its proposal for a profit-sharing agreement.

Lottoland found an unlikely ally in the form of The Newsagents Association of NSW and ACT (NANA) in the remaining weeks before it’s evicted from the land down under. In a statement, NANA said it will continue to negotiate with Lottoland and other organizations for the benefit of its members. If a compromise can’t be reached, NANA will walk away from the negotiating table.

“NANA is committed to continuing to work in the best interests of its Members.  Dismissing any genuine offer from any organization to work with Newsagents closes the gate and will potentially cost newsagents income,” the group said in a statement.

Earlier this month, Lottoland published a full-page newspaper advertisement seeking a discussion with newsagents for a win-win solution for both parties in the wake of the Australian government’s decision to ban online betting on lotteries and keno.