Industry News

New Zealand registers mild increase in gaming revenue

Published

7 years ago

November 19, 2018

Niji Narayan

New Zealand registers mild increase in gaming revenue

Photo Source: CNN.com

Reading Time: < 1 minute

The Gaming Machine Association of New Zealand (GMANZ) has published the quarterly financial results of the gaming sector. Its highlight is the 3.4 per cent rise in Gaming Machine Proceeds (GMP) from pokies in the country from June to September.

The GMP rose by €6.7 million, but the numbers of poker machines and the venues where they are decrease.

According to GMANZ spokesperson, Bruce Robertson, the results provide a fair reflection of the success of the balanced, controlled and sustainable approach of the Class 4 model that they have in New Zealand. He added that the heightened activity is happening against the backdrop of an expanding economy.

“Gaming venues such as pubs and clubs aim to provide a safe, fun and regulated environment to those who choose this popular form of entertainment. Reduced accessibility to local venues and machines is likely to drive more players into the world of unregulated online gambling,” concluded Bruce Robertson.

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Niji Narayan

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.