New Zealand Gambling Archives - BestCasinos.co.nz

The International Betting Integrity Association has strongly encouraged the government of New Zealand to adopt a new regulatory system. The recommendation aims to make it easier for both local and international operators able to get permits and to obtain access to an array of services and products.

International markets including, but not limited to Denmark, Spain, Sweden, and the United Kingdom have adopted similar licensing models with great success. In addition, the alliance suggested that administration steer clear of arduous tax frameworks that would likely discourage potential entrants into the market.

Fairness of fees in question

The IBIA also insisted on the importance of permit fees being proportionate and entirely rooted in the administrative expenditure of properly regulating the market. Countries utilizing systems similar to those recommended have done away with viewing these payments as a way to raise profit since this approach will simply deter operators from applying for licenses.

Gross Gambling Revenue Tax recommended

The IBIA indicated that taxation systems based on gross gaming revenue have displayed more efficacy than those based on turnover. They additionally recommend that a taxation rate of between 15% and 20% of the gross gambling revenue being imposed.

Diversity is key

The Alliance’s expectations include a menagerie of lawful online sports betting products and services for wagers and the events on which these could be placed. The Alliance’s integrity reports show that 90% of alerts arise from stakes placed on mainstream markets like final results rather than negative ones such as yellow cards.

Beyond satisfactory fiscal and regulatory structures being implemented for sports betting, market viability also depends on licensed operators’ ability to provide a wide range of wagering products, according to the IBIA. They explained that restrictions would drive consumers to seek out the services they are interested in from potentially illegal and unregulated channels.

The UK Gambling Commission is the ideal model as it covers a vast number of burgeoning betting markets. The Commission controls and permits all kinds of wagering various sports without any restrictions. It manages this while retaining close market oversight and working hand-in-hand with the operators it has licensed, supporting an evidence-based policy approach.

The government and various charity organisations will soon appeal to the public to weigh in on the possibility of banning certain promotion of gambling services and products. Anti-gambling advocates have recently reached out to both the New Zealand public and authorities, urging them to consider a total ban on betting advertising of any kind. Alternatively, they have suggested that warning messages be considered.

Innocent Ads or subversive promotion?

There is a plethora of advertising material for different wagering services that are available in New Zealand and anti-gambling activists have expressed concern that the presentation of this material may be deliberately misleading.

According to those opposed to gambling, these ads create the impression that wagering is simply a different kind of entertainment. Further concerns expressed were that wagering is depicted as being potentially profitable and fun. Some ads even go so far as to promote it as a wholesome activity for the entire family.

Perhaps taking advantage of the fact that betting at Online casinos etc. is an integral part of NZ culture, many of the advertisements in question do not explicitly mention wagering as such. Concerning in this regard is that some viewers may not recognize them as promotional while being encouraged to take risks in order to win.

A significant upsurge in wagering has increased both general participation and problem rates. A growing number of young people, some underage, are being afflicted by gambling addiction.

Statistics paint a startling picture

The fiscal year of 2016/17 saw the country’s residents registering losses of over NZ$2 billion, according to New Zealand’s Problem Gambling Foundation.

Estimates by the foundation state that roughly 2% of Kiwis can be categorised as addicts, with their addiction affecting up to 6 other people on average. This includes family members, friends, and other members of the community.

Research studies indicate that gambling addiction may cause up to 3 times as much harm as drug abuse does.

Proponents of an outright ban on gambling have accused New Zealand casino operators of employing psychological manipulation to encourage people to spend more time and money at their establishments. Most typical casino, have a noticeable lack of clocks or external windows, designed to ensure that customers lose track of time.

Less overtly, Instant Kiwi, Lotto, and TAB services employ the use of advertisements that normalise wagering and depict it as simply another harmless element of New Zealand culture. There is a call to see direct-to-consumer ads banned outright or to have customer access to these drastically restricted. Whether or not these measures are introduced and to what extent, may now rest in the hands of the general public.

NZ Called On To Update Online Gambling Policy

Fate of Gambling Ads in the hands of New Zealand public