Results 14,101-14,120 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: It owns the machines.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Is the commission arrangement different for euromillions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: There is a 6% margin for euromillions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: I refer to the online presence of the lottery. It is a whole new world to me. I visited the website and alternative games popped up such as mini keno and instant lotto. Some 19 of the 21 games on the website are also sold as scratch cards in shops.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: There are 19 different scratch cards under the national lottery.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: The days of winning streak are long gone.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: From the data provided by the regulator, I note 5% of the turnover in 2016 came from online sales. I imagine that is a target for significant growth, given that such a model cuts out retailers. Ticket sales for 2016 were €750 million, up from €670 million in 2015. The figure for draw-based games was €530 million, while scratch cards and online instant win games...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: I doubt it is. Ms Buckley raised concerns about online gambling and a lack of controls. Gambling control legislation has still not been enacted. Is that an area that can be abused? Online gambling is available from all of the main bookies, a sector which is currently not controlled. What I was trying to highlight is that somebody today could go on. There is a national lottery in the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Who is running those?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Am I right in saying that the only places online that one can play the actual national lottery games are the websites of those national lotteries, for example, www.lottery.ie?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Are customers who buy cards regularly in the shops savvy as to the distinction between the 19 different cards? Are they looking for something in particular? What is the marketing idea behind having 19 different scratch cards? Do most of RGDATA's member shops sell all of them or just the most popular ones?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: It is a really serious product differentiation. They have diversified to such an extent now that I am flicking through all of the games and do not recognise the vast majority. Presumably, there is a market for each one.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Is there a case for putting a limit on the number of games? If a company wants to introduce a new game, it could then take one of the existing games out of commission. All one is doing by introducing more and more games is seeking to penetrate the market even further and get more people introduced to gambling on a regular basis. That is the net effect of all this. It is a commercial...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Is it still difficult for a shop to get a lotto terminal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Not at all?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: What kind of investment is required?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: Is the percentage of coverage increasing now all the time? Is there a proliferation of lotto availability in shops?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: I have one question. The regulator's opening statement has been provided to us. It states that the number of retail outlets has increased by approximately 1,500 to 5,200 since commencement of operations under the licence. Was the regulator referring to shops when he referred to the number of retail outlets?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations of the National Lottery: Discussion (7 Mar 2017)
Michael McGrath: It is a very significant increase. Originally, the figure was 3,700 but it has increased by 1,500, or by 40%, which is significant. Online sales amounted to close to €40 million in 2016, according to statistics.