New Zealand is looking forward to new gambling legislation. Since most of the people in New Zealand do their online gambling through offshore casinos and sportsbooks, it’s just natural, that the government wants to grab a piece of the market. That is why they were opening a gambling consultation in New Zealand recently.
The opportunities after the gambling consultation in New Zealand
In accordance with the results of the consultation and choices of politics, there are many opportunities in the future of New Zealand’s gambling industry. The following predictions are mostly based on the experience from other countries that already have regulated gambling.
Governmental gambling monopoly
This way all the gambling activity in the country is going to be state-regulated. There are many examples of this way. Hungary, for example, has a state-regulated gambling monopoly. This way a governmental body is issuing the casino licenses to certain operators, who are strictly regulated and monitored.
The advantage of this system is that it’s easy to force the regulations, thus the threat of money laundering or tax evasion is negligible. Since the income centers to one hand, spending money to harm reduction or other charity purposes is not a question.
There are also many disadvantages to this model. Studies show that problem gambling is more likely in strictly regulated markets. Since there is only one option for people to choose, offshore casinos are making a huge competition, which is taking out precious tax money of the government’s pocket.
Legalization after gambling consultation in New Zealand
The United Kingdon or Sweden is following this model. In the UK there is the Gambling Commission, which is a government body that has the task to regulate and monitor all gambling activities. Certainly, you have to meet high criteria to be eligible for a casino license. However, the market is open for operators. It is their task to collect fines from irresponsible or outlaw operators. Sweden has the same commission namely Spelinspektionen. These associations are using different methods for gambling harm reduction. The Gambling Commission is supporting the GambleAware charity on a regular basis.
Spelinspektionen is also trying different methods. One of my favorites was a few years ago when they were trying to run a system to monitor players with gambling problems. However, the algorithm never made it to operate in real due to GDPR purposes.
Cons: Meeting the licensing criteria is hard. Operators will have to go through long legal procedures and pay a huge amount of money to the commissions.
Pros: Transparency. Due to the hard regulations on the licensing operators will never allow mistreating their costumers. Also, they must have very specific Terms&Conditions that are bounding them. If you are looking for bonuses or deals in our online gambling bonus search engine, always check the Terms & Conditions before applying for a bonus.
The questions of the gambling consultation in New Zealand
You can check the current gambling consultation, however, the questions are just like one would expect. The survey starts with optional questions about you if you are a gambler, or an operator or maybe a representative of a community group. Then it heads towards your thoughts about the benefits or harms of gambling to the society. Well, I can say that we are waiting for the results. Check out some of the available gambling sites in New Zealand. Intertops Casino is one of the best choices.
