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Compliance Updates

New Zealand Introduces Online Casino Gambling Bill

Published

3 weeks ago

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Reading Time: < 1 minute

 

New Zealand Internal Affairs Minister Brooke van Velden has introduced the Online Casino Gambling Bill to the House of Representatives.

“The Online Casino Gambling Bill will introduce a regulatory system for online gambling in New Zealand, which will prioritise harm minimisation, consumer protection, and tax collection,” said Ms van Velden.

Cabinet has previously agreed to introduce new legislation to regulate the online casino gambling market, which is currently unregulated in New Zealand. Key features of the Bill include:

• Up to 15 licences for online casino gambling operators will be auctioned.

• Companies applying for a licence will need to provide detailed information to the regulator, including on their business plans for New Zealand.

• Licensed operators will be allowed to advertise, with restrictions.

• Unlicensed operators will be prohibited and fines up to $5 million may be applicable for breaking the law.

“The Bill will proceed to select committee later this year and New Zealanders will have the ability to have their say through the select committee process.”

The introduction of the Bill meets action 21 on the Coalition Government’s Quarter Two Action Plan.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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