New Zealand is poised to overhaul its online gambling landscape with plans to issue 15 licences to online casino operators. This move, set to generate significant revenue, has ignited discussions among local operators about the implications for compliance, social responsibility, and market control.
Auctioning Licences: Opportunity or Risk?
The New Zealand government’s proposal involves a competitive auction process, expected to bring in approximately NZ$719 million in gaming duty over four years. These regulations aim to address loopholes by imposing a 12% gaming duty on gross betting revenue, including income from offshore operators.
While this approach promises economic benefits, local operators worry it could favour larger, well-funded offshore companies, potentially sidelining New Zealand-based businesses.
Concerns About Compliance and Responsibility
Jason Walbridge, Chief Executive of SkyCity, voiced concerns about the competitive landscape:
"These offshore operators are enormous companies with large balance sheets and lots of money in their bank accounts. They are able to bid significant sums for these licences. That’s why we think it’s important the government take into account the need to have New Zealand-licensed operators."
Walbridge emphasised that local operators are uniquely positioned to uphold responsible gambling practices and align with New Zealand’s regulatory standards.
Protecting Jobs and National Interests
Brett Anderson, Chief Executive of Christchurch Casino, echoed these sentiments, highlighting the importance of considering long-term national interests in the licensing process. Anderson suggested the auction system might overlook the broader social and economic benefits of favouring local operators.
Interestingly, Christchurch Casino itself has come under scrutiny, with the Department of Internal Affairs initiating proceedings for alleged non-compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.
Striking a Balance: Cap on Licences Welcomed
Both executives supported the government’s decision to cap licences, agreeing that a controlled number of operators could mitigate advertising saturation and foster a more regulated market. However, they urged the government to weigh social and economic factors alongside financial bids when awarding licences.
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