Introduction
New Zealand politics are changing the gambling industry. Many legislations are being developed to ensure gambling in the country is well regulated and managed perfectly. The New Zealand government has several frameworks under development to ensure the gambling industry is in good shape by 2026.
It has already agreed on a high-level approach to online gambling regulation. According to the government, this is designed to:
- Reduce harm
- Provide much-needed consumer protections
- Support collection of tax
It’ll be illegal for unlicensed online casino operators to target gamblers in the country by 2026. That means only legitimate online casino platforms including those at newzealandcasinos will operate in the country.
Internal Affairs Ministry Information
A recent statement from New Zealand’s internal affairs ministry is that the government has already agreed to further details of a new, comprehensive system that’ll regulate online casino gaming. The old system means consumer protection and harm prevention requirements don’t apply.
The internal affairs ministry’s goal isn’t to increase the gambling activity amount happening online. It aims to enable New Zealand players to gamble online more safely than they do currently. New Zealanders currently gamble on thousands of offshore platforms. The ministry is dedicated to eradicating this practice and introducing a system that allows players to gamble on legitimate websites.
A new Online Gaming Bill will address a range of issues. It’ll implement some key measures aimed at protecting New Zealanders. The new bill will be drafted with the aim of regulating the online gaming industry. And what’s more? It’ll reduce and prevent online gaming harm, limiting opportunities for dishonesty and crime.
How Have the Big Players Responded?
Several operators that newzelandcasinos recommends have already voiced their support. They remain supportive of the new online casino gaming regulation. These operators emphasize robust host responsibility and delivering community benefits.
After the news, the big players in the industry welcomed the plans to regulate strict advertising and license numbers. They have long supported regulating online gambling to protect players and reduce harm.
A lot of money is going offshore currently. This money should stay in the country as community benefits and taxes. These dedicated operators believe that this bold step taken by the New Zealand government will be a vital part of any future gambling framework.
The New Zealand’s Gambling Industry Changing Face
The new Online Gambling Bill will be the major change to the online casino gaming industry. This will only be possible if the National Party’s government will proceed with the plan to regulate the industry.
Before the elections, the two major parties in the country clashed over the offshore gambling revenue subject. The National Party said it would ensure all online gambling operators are registered and regularly report their earnings.
The recent government believes that the economic impact of gambling in the country is massive. It stretches beyond the direct revenues created. The gambling sector contributes massively to the economy through:
- Employment
- Taxes
- Tourism
Many concerned parties see the rise of online casino gaming as a positive development. That’s why they fully support the new Online Gambling Bill. If the bill is successful, it’ll provide a favorable playing field for New Zealand players.