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New Zealand Is Urged to Implement the Licensing Regime for Online Gaming

8 October 2019, 10:41
Votes: 1

The IBIA (International Betting Integrity Association) has recommended the NZ authorities to introduce a regulatory model that would enable both local and international operators to get their permits for a wide range of gaming products.

New Zealand Is Urged to Implement the Licensing Regime for Online Gaming

As an example of a successful licensing regime application, the IBIA referred to such markets as Denmark, Sweden, Spain and the UK.

According to the IBIA representatives, the GGR-based taxation system is more efficient than the one based on companies’ turnover and should be between fifteen and twenty per cent. The association expects that a wide range of online sports betting products will become legal and available.

The IBIA added that the British model for integrity is regarded as an example of best practice in this field, therefore, New Zealand should implement similar regulations in order to prosecute offences, issue codes of practice, exchange information as well as require the provision of information and void bets.

This recommendation is in line with public consultations in New Zealand conducted in order to assess the level of local citizens’ support for regulating new igaming products. For the time being only two operators are allowed to provide such online offers –Totalisator Agency Board and Lotto NZ.

As mentioned earlier, the New Zealand government is planning to update its gambling legislation regarding offshore operators.

Read more: Benefits of Licensed Online Casinos

Read more: Why Gamble? Research Findings

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