This is an island state where gambling is legalized. The annual turnover of the industry is over 2 billion NZD. Even though online casinos cannot operate legally in New Zealand, players have free access to foreign sites. Such resources are not blocked and there are no penalties for their usage. How the gambling business works in New Zealand – read below.
Gambling Regulations
Legal issues related to gaming in NZ are the responsibility of the New Zealand Gambling Commission. This is a special body that was established in 2003 with the adoption of the relevant law. All licensed operators are required to assist in minimizing damage from gaming. Besides, the Department of Internal Affairs monitors compliance with applicable gambling laws.
Online Casinos in New Zealand
According to the current law, the organization of activities that provide the opportunity to gamble on a remote basis is prohibited. This does not mean a total ban on online casinos in NZ. The authorities do not restrict players’ access to foreign sites. So, residents of New Zeeland can play in the best no deposit casino for kiwis.
Video slots are one of the most popular types of gambling in the country. The following slots are especially popular among NZ gamblers:
- Gonzo’s Quest;
- Batman;
- The Wizard of Oz;
- Mega Moolah.
Many well-known software manufacturers do not operate in New Zealand. However, the most demanded foreign developer in the country is Playtech.
Prospects for the Gambling Development in New Zealand
The gambling market in New Zealand is quite stable. Under current regulations, licenses to operate land-based casinos in NZ are no longer issued. However, valid permits can be renewed. Due to the restrictions on the issuance of new licenses, it is not yet possible to talk about a possible revival in the land-based gambling segment. Local authorities say that licensed operators fully satisfy the current needs of NZ players. Moreover, they are making attempts to regulate the activities of online casinos. In particular, it is planned to introduce a tax at the rate of 2% for foreign bookmakers on the profits received from New Zealand players.
New Zealand is characterized by a well-developed gambling legislative framework that is friendly to players and takes into account their interests as much as possible. There is also a reasonable compromise between the fight against gambling addiction and the creation of comfortable conditions for gamblers in the country.
In Conclusion
The gaming business in New Zealand has a lot of possibilities for further development. Since land-based casinos may be unavailable during the COVID-19 pandemic, players still can visit foreign online casinos. To do that it is enough to check the license of a certain platform and read the feedbacks of regular players. May the luck be at your side!