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Offshore operators poised to dominate new online gambling market

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The new law will ban operators who don’t have a license from offering online casino gambling to New Zealanders, with fines up to $5 million. «We don’t have a huge online gambling market, so I would expect that it’s mainly offshore providers.» Casino.org is the world’s leading independent online gaming authority, providing trusted online casino news, guides, reviews and information since 1995. Below we’ll guide you through everything you need to know to get started.

• «Evidence from overseas has seen operators pull out of markets to protect their profits when their operating costs are increased by tax and duty changes.»
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The Minister of Internal Affairs recently announced the release of the summary of submissions report from public consultation on online gambling in New Zealand. These partnerships ensure a balance between traditional favourites and innovative releases, keeping the gaming library dynamic and engaging. Claim your match offer of up to &1500 NZD on your first three deposits. «This will send money offshore and out of the hands of the hands of community groups, and that’s not how you grow an economy.» «Effectively, in Class 4, 100 percent all the profits have to be given away. Well, in this instance, none of it has to be given away,» he told RNZ. «So instead of the local ambulance service or coast guard or the local footy team getting some money, it’s going to offshore shareholders.»

Van Velden also said tilting the playing field in favour of local operators could breach New Zealand’s free trade agreements. The documents show both Sky City casino and the TAB wrote to ministers, strongly opposing government moves to open up a large market with 15 operators. But she said that could change over time as the licenses weren’t forever.