The New Zealand Government launches public consultation on the online gambling market
To protect against the risks of gambling addiction New Zealand is considering changes to existing laws.
The Netherlands vote to open its online gambling or the province of Buenos Aires' vote to legalize it are proof that the online gambling market worldwide is trending towards liberalisation. New Zealand, where online gambling is legal, is no exception as it is considering amendments to its existing regulations. In fact, the New Zealand Government has just launched a public consultation on the subject which we will take a look next.
The encroachment of offshore operators
Online gambling laws in New Zealand came into effect in the year 2003. The law stipulates that only Lotto NZ and TAB are authorised to provide online gaming. This doesn't stop the country's population from indulging in offshore online casinos. A recent study by the Ministry of health has discovered that foreign sights pose a particular risk to the young population of Maori, Islands of the Pacific and Asian communities. The changes that the government want to implement are to ensure the protection of the population.
The government of New Zealand has launched a consultation process with stakeholders.
Three possible changes to law
The New Zealand government is weighing several options in the updating of online gambling laws:
- open the market to foreign and domestic operators
- open the market to domestic operators only
- allow Lotto NZ and TAB to expand into a large assortment of games
Regardless of the outcome, credit card restrictions, self-exclusion lists and public Wi-Fi restriction measures would be taken.
In order to decide on the best course of action, the government has embarked upon a public consultation to collect a broad range of views from both ordinary citizens and industry players. Stakeholders are invited to submit their comments to the Ministry of interior before September 30th.
What will be the end result? Only time will tell.