In New Zealand, the gambling law has been extremely lenient. Just recently, the lawmakers decided to make some changes. Let’s have a closer look at their new wagering regulations.
New Zealand Online Gambling Regulations
According to the gambling law in New Zealand, it’s illegal for any betting provider based in the country to offer betting services to the citizens. This is quite strange as anyone caught going against this law risks being heavily fined or even being jailed for some years.
Interestingly, the New Zealand law doesn’t prohibit its citizens from online gambling in companies based in other countries. The government doesn’t have the power to control companies offering internet gambling. Currently, the most thriving European gambling sites are accessible in the country. Making betting to grow very fast while else, these companies are not paying taxes. This is the main reason why New Zealand lawmakers are working hard to face-lift online Gambling industry. However, there are online sites giving clients the best services in the country including https://www.casinopro.se/nya-casinon/ that operates in Sweden under the Swedish laws perfectly normal.
According to the Ministry of Internal Affairs, players are now involved in online betting more than ever before while else, the government is unable to control the growing industry. This is the reason for the now heavily campaigned call for a change in the law. that operates in Sweden under the swedish laws.
New Zealand New Official Betting Ad Laws
After working hard to regulate the online gambling market, the lawmakers managed to make some changes to land-based betting markets. In April this year, the Advertising Standards Authority (ASA) broad casted the new set laws and released a code changing the previous betting ad laws in the country.
ASA consulted both the media firms and advertising agencies. The lawmakers actively worked hard to minimize the rates of addiction among its citizens. Gambling operators are not allowed to target any person below 19 years. Besides, they should ensure the time and locality of ads is not targeting individuals below the required age. Lastly, the operators are not supposed to release ads promoting betting as a way to ease financial burdens.
The ASA CEO Mr. Hilary Souter stated that it is the work of ASA to review and update the codes. The new Gambling Advertising code will help to support responsible betting promotion to clients.
Will The New Gambling Ad Laws Cause Major Gambling Effects in the Country?
As mentioned earlier, online betting is becoming very popular in the country. However, the new law doesn’t apply to the internet gambling activities in the country, but it’s only subjected to land-based firms.
This law proves that New Zealand lawmakers are now taking betting rules more serious. A few days after the new establishment, one popular casino company announced its intention to launch one of the biggest bonus casinos in the betting industry. Seemingly, there might be an announcement of a new set of rules on the internet wagering soon.
Just as many nations globally are working hard to revamp their advertising boundaries; New Zealand is also working to ensure there is no underage betting in the country. Fair enough, compared to Sweden, New Zealand advertisement laws are not that restraining. However, only time will tell how operational the laws will be.
