Online gambling in Venezuela is regulated by the Comisión Nacional de Casinos, Salas de Bingo y Máquinas Traganiqueles. In 2007, the government announced that licenses would not be issued for three years. Joint ownership of Venezuela's national lottery was acquired by Worldwide Satellite of Venezuela and Global Net Inc. of Barbados in February of 2000. Global Net Inc. was granted a ten-year contract to sell lottery products over the Internet as a result of the deal.