New Zealand has one of the biggest gaming populations in the world. Despite being a small country slot168th with only 4. 4 million residents, New Zealand’s residents spend billions of dollars on gaming every year. Playing land-based casino games is very popular, but online gaming has increased in popularity over the years.
Currently, New Zealand’s gaming laws prohibit online gaming. Unlike many countries, the laws do not reprimand players for enjoying internet gaming activities; instead, online casino and poker on-line operators who provide their services to New Zealand residents are prosecuted for doing so. The advertisement of online casinos and online gaming brands is also disallowed in New Zealand. Fortunately, since the legislation has been passed, no operators have been penalized.
There are only two operators that are allowed to offer their services to New Zealand residents: TabCorp and the New Zealand Lottery Commission. TabCorp is one of the biggest land-based gaming operators in the country and has had a monopoly on the internet gaming market for years. Their online gaming website has earned billions of dollars over the course of the past five years and shows no signs of slowing down. In 2011, TabCorp’s online services brought in over $700 million in revenue. Following an incredibly successful foray into the online gaming world, the agent now has its eyes on the mobile gaming market.
The new Zealand Lottery Commission has just launched a unique online gaming service, allowing customers to purchase their lottery tickets online. Players register to the site as they would at any other online casino, and they can fund their accounts using the credit cards or bank accounts. There is a $150/week or $300/month spending limit at the NZLC’s website, and players can choose lower limits if they wish. The new Zealand Lottery Commission even offers online bingo and keno.
Although there are strict rules dictating which companies may and may not offer online casino services to players, it seems that New Zealand’s government may be looking into the option of managing offshore gaming websites. After witnessing the huge growth of offshore gaming websites and success that other countries have had in managing the market, the us government seems ready to follow suit. Earlier this year, the Request into Interactive and Online Gaming was launched. The review can result in an online gaming reform, which might see the legalization and regulation of offshore gaming in New Zealand and Australia.