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Offshore Gambling Operators Are to Be Licensed in New Zealand

1 August 2019, 07:23
Votes: 1

The New Zealand government is working on the legislation regarding offshore providers’ legalization in order to stop the funds outflow from the country.

Offshore Gambling Operators Are to Be Licensed in New Zealand

According to recent information, around $2 million are spent every month by New Zealanders on online gambling services. As domestic gambling operators are not very popular within the country, all this money goes offshore.

That is why the Department of Internal Affairs has developed a document, which aims to prevent further losses for the economy and protect New Zealand gamblers (by blocking foreign sites or prohibiting credit card use there). In addition, it contains recommendations on how to increase the popularity of local online operators, as well as suggestions regarding the offshore operators’ licensing. This document also contains proposals for the industry regulation and the gambling help services implementation.

New Zealand online gambling legislation can be based on the British model according to which domestic and international operators have to obtain the country’s license. However, all the variations and models are still at the drafting stage that will last until the end of September 2019. 

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