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Laws and Regulations for Online Casinos in NZ

May 8, 2018 Posted in Games, News by No Comments

The 2003 Gambling Act does not prohibit online casino play in New Zealand provided the casino is based overseas. The New Zealand Racing Board controls the online sports betting as is the only sports and racing betting provider. Online sports betting is legal provided Kiwi players are accepted and it is not run in New Zealand. Online poker must also be provided by a company outside of New Zealand.

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The New Zealand government established online gambling legislation in 2003 through the Gambling Act. Online casino operations are illegal in New Zealand territory. New Zealand residents may participate in sports and online poker betting under the same regulations as online casinos. Online casino winnings are excluded from yearly income tax reports. Every culture has a different type of gambling including the gaming culture of New Zealand. The first European settlers brought gambling to New Zealand. Gambling was popular throughout the colonial period. This changed in 1908 when the Gambling Act passed. The only gambling legalized in New Zealand was at the race tracks.

The popularity of gambling grew and the laws became more liberal in 1951. The Golden Kiwi Lottery went into effect and in 1994 the first legal casino was established. There are six legal casinos in New Zealand. The Internal Affairs Department strictly regulates gambling. Bookmaking did not become legal until 1961 when betting on horse races was legalized by TAB or the Totalizator Agency Board. The Gambling Act of 2003 regulates all gambling in New Zealand. Legal betting has four categories and anything else is illegal. Returning a set percentage of all proceeds to the community is required.

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Remote interactive gambling is prohibited. This is any sports or casino betting accessed with an electronic device. The regulations regarding gambling differ from country to country. A good example is the United Kingdom. A bill was passed by parliament to regulate gambling in the United Kingdom for all online operators and residents with their base in the United Kingdom. All operators are required to pay the government an annual fee and acquire a license from the UK Gambling Commission. This ensures the players are protected by the law.

The regulations of the New Zealand government in 2003 are precise and simple. Players may gamble online provided the casino operators are based outside of New Zealand. It is prohibited for an operator to set up on New Zealand soil. This resolved all gambling issues while protecting the government of New Zealand from any online gambling liability. Residents of New Zealand are protected from any issues resulting from online gambling.

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Problems between the player and the casino are resolved through the license regulator. The case is reviewed and the decision is non biased. The regulators are extremely serious regarding protecting players from online casino operators that may be unfair or rogue. If the determination is the player was damaged by the online casino operator their license may be revoked and their operations suspended with the possibility of legal action.

There is a good reason any unfavorable acts towards the players from the online casinos do not work. A large number of operators provide problem free payments, instant withdrawals and high quality services. The number of these providers is in the hundreds. Any complaints or problems a player has regarding a casino travels through the gambling community extremely quickly. This means the depositing players will cease playing at the casino and operational revenue is lost. Online rogue casinos are in the past. The only way an online casino can make a profit is to offer the best possible services and attract a large number of players who make deposits.

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