Minister of Internal Affairs, Brooke van Velden, pushed the Online Casino Gambling Bill forward in New Zealand’s House of Representatives today. According to Ms van Velden, this Bill will shape online gambling with a regulatory framework that focuses on reducing harm, keeping consumers safe, and increasing tax revenue. Previously, the Cabinet had already given its approval to draft new laws for the online casino sector, which has been operating unregulated in the country.
- A standout point is that no more than 15 licenses will be available to online casino operators, and regulators will auction each spot.
- Applicants must submit formal business plan documents, targeting the New Zealand market, as part of their licence application package.
- The law would let licensed companies advertise their offerings, but only within defined restrictions set by regulators.
- Any operator without a licence risks being completely removed from the market, with penalties for unauthorized gambling reaching up to $5 million.
Regulators are outlining the rules for advertising and the harm prevention standards that every online casino operator must meet in detail. The Bill aims for a select committee review later this year, and people across New Zealand can input their opinions during the process.
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