Online casinos NZD
Online casinos NZD
New Zealand is an island nation in Polynesia. Under New Zealand laws, gambling has a legal status. There are 4 land gambling houses and one bingo hall in the country. Online casinos in New Zealand – gambling sites NZ – cannot conduct legal activities, but players have free access to foreign sites. Such resources are not blocked and sanctions for their use are not provided. Especially popular among players from New Zealand online casinos accepting NZD.
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New Zealand Gaming Law
The law that currently regulates New Zealand’s gambling business was passed in 2003. It was adopted in place of regulations of 1977 and 1990. It is regularly amended. The law has the following objectives:
- control over the gambling industry and minimizing the damage from gambling;
- wording of the list of allowed gambling;
- facilitating responsible play;
- ensuring the honesty and fairness of gambling;
- gambling crime prevention;
- community involvement in gambling decisions.
In accordance with current regulations, licenses to support the operation of land-based casinos in New Zealand are no longer issued. However, valid permits may be extended.
Persons no younger than 18 years old can take part in lotteries, the minimum age of casino visitors is 20 years. If a gambler realizes that gambling is causing him significant damage, he has the opportunity to request a ban on visiting the casino.
According to the law adopted in 2003, the types of gambling are divided into 4 classes:
- Games with a win and a potential turnover of not more than 500 NZD, without the use of machines;
- Similar games with a possible win and turnover of no more than 5,000 NZD;
- Games without the use of machines with a win and turnover of over 5,000 NZD;
- Slot machines.
Only games of classes 3 and 4 are subject to licensing. Each of them has its own type of license with corresponding requirements.
Class 3 games licensing
Most casino games fall into this category. To obtain this license, an application is submitted, to which are attached:
- information about the games, their list and rules;
- information about the planned winnings;
- address and other contact details of the operator.
When registering, the operator may be required to attach documentation that will testify to solvency and a positive credit history, the absence of a criminal record from the founders, etc. After the expiration of the validity period, the license can be renewed provided that its owners did not violate the established rules.
Class 4 games licensing
The procedure for obtaining a license is similar to issuing a permit for class 3 games. When applying, the licensee must attach a description of his work experience in the field of gambling, as well as inform the regulatory authorities on how he plans to assist in the fight against gambling addiction. Separate procedures are provided for licensing casinos and lotteries, but, as mentioned earlier, new permissions are not currently issued.
The resolution of legal issues related to gambling in New Zealand lies with the New Zealand Gambling Commission. This is a special body that was established in 2003 at the same time as the adoption of the relevant law. The head of the commission is Graeme Reeves.
The regulator works closely with the New Zealand Ministry of Health. Monitoring and statistics on the spread of gambling addiction are being carried out, measures are being taken to minimize damage from gambling. All licensed operators are required to assist in these tasks. In addition, compliance with applicable gambling laws is monitored by the Department of Internal Affairs.
Online Casinos in New Zealand
According to the current law, the organization of the activity of sites that provide the opportunity to play gambling remotely is prohibited.
Popular slot machines
Video slots are one of the most popular types of gambling in the country.
The Wizard of Oz;
Well-known gambling software manufacturers do not work in New Zealand. The most popular foreign developer in the country is Playtech.
Prospects for the development of gambling in New Zealand
The New Zealand gambling market is formed and stable. Due to the restriction on the issuance of new licenses, there is no reason to talk about a possible revival in the segment of ground-based gambling. Operators with permissions at the moment fully satisfy the current needs of New Zealand players. Authorities are trying to streamline the activities of online casinos. In particular, for foreign bookmakers it is planned to introduce a tax of 2% of the profits earned from New Zealand players.
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