New Zealand is moving forward with plans to regulate online gambling more robustly. The government aims to issue 15 licenses for online casino operators by 2026, as part of efforts to ensure consumer protection, prevent harm, and maximize the benefits of this growing sector.
Along with licensing, online operators will be required to establish strict age verification systems, promote responsible gambling practices, and comply with taxation rules.
One of the key regulatory changes includes a new ‘offshore gambling duty’ of 12% on the gross betting revenue for offshore operators targeting New Zealand players.
This duty, set to take effect in July 2024, is designed to level the playing field for domestic and international gambling operators. This new tax measure will further help regulate online gambling while providing more reliable consumer protections.
The government’s regulatory stance reflects a broader effort to control the rapidly expanding online gambling market, ensuring that operators act responsibly while supporting the country’s economy.
New Zealand’s gambling landscape is evolving with significant regulatory changes aimed at both controlling the industry and promoting responsible gambling.
Regulation of Online Gambling:
Operators will need to establish systems for age verification and ensure compliance with local laws.
Offshore Gambling Duty:
In addition to the online licensing initiative, the government has introduced a new offshore gambling duty. Set to take effect in July 2024, this measure imposes a 12% tax on the gross betting revenue earned by offshore operators targeting New Zealand residents.
This move ensures that offshore gambling operators contribute to the New Zealand economy, leveling the playing field with local operators.
SkyCity Legal Scrutiny:
SkyCity Entertainment Group, one of New Zealand’s largest gambling operators, has faced legal scrutiny due to potential violations of anti-money laundering (AML) laws.
The government has taken civil penalty actions against the company, with the potential for an NZ$8 million liability for non-compliance. This legal action highlights the growing focus on maintaining rigorous standards within the industry.
Greyhound Racing Ban:
In a bid to improve animal welfare standards, the New Zealand government has announced plans to ban greyhound racing by August 1, 2026.
This decision reflects concerns about animal injury rates and aligns with a global trend of reducing greyhound racing, while shifting attention toward more sustainable forms of gambling.
TAB New Zealand Monopoly:
The New Zealand government is considering expanding the monopoly of TAB New Zealand, the country’s primary betting operator, to include online platforms.
This measure aims to streamline the domestic gambling market, ensuring that revenues from betting support local sports and community initiatives.
Responsible Gambling Initiatives:
Alongside these regulatory measures, there is an ongoing focus on responsible gambling in New Zealand.
The government, along with gambling operators, continues to promote safer gambling practices through self-exclusion programs, responsible advertising, and providing resources for those seeking help with gambling problems.
These changes reflect New Zealand’s efforts to balance the economic potential of gambling with a commitment to protect consumers and promote fair play. If you looking to play online casino in new Zealand then you may go with top 10 nz online casinos here.
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