Dáil Éireann Debate, Tuesday - 18 April 2023
443. Deputy Robert Troy asked the Minister for Public Expenditure, National Development Plan Delivery and Reform the reason the National Lottery requires that small retailers, wishing to be agents of the lottery, put up a lifetime deposit rather than a deposit for only a number of years until they can gauge how business performs at their location. [16550/23]
View answerI am informed by the Regulator of the National Lottery who is informed by the operator of the National Lottery, Premier Lotteries Ireland (PLI), that PLI manages credit risks in line with industry norms to help ensure that all monies collected through the sale of Lottery products by its Retail Agents are secured. For this reason, PLI require a deposit or a bank guarantee, based on the individual retailers' preference, which is consistent with standard industry practice and based on the size and scale of the retailer in question and market conditions.
PLI will and does review a Retail Agent’s security as and when requested to do so by the individual Retail Agent. PLI returns deposits provided by retailers at the cessation of their tenure as National Lottery Retail Agents assuming no monies collected on PLI’s behalf remain outstanding.
