Sep 18, 2022
Online Gambling Laws in New Zealand
New Zealand is currently a burgeoning gambling market. Millions of residents take part in some form of gambling activity everyday, and the population of recreational gamblers has been growing rapidly over the course of the past few years. While the land-based gaming market is seeing a great deal of growth, so is the online casino market. However, the laws regulating online gambling in New Zealand can be quite complex, so here is a brief overview of legality of online gaming in the country
New Zealand’s online gambling laws are ltobet regulated under the Gambling Act 2003, along with all other forms of gambling in the country. Up until 2003, online gambling was not regulated by any laws, so the legislation is still quite new and residents believe there are still some kinks to work out.
According to the Act, remote interactive gambling is prohibited. This applies only to gambling that is organized or conducted within New Zealand. Offshore operators can face fines for offering their services to residents of the country, but few have been prosecuted by local authorities. Some local online gambling operators are able to offer their services online, including TabCorp, a gaming operator which has a near-monopoly on gambling in Australia and New Zealand.
The advertisement of offshore online casinos is also prohibited. Therefore, gambling companies which are not based in New Zealand may not advertise their services to residents. This includes sports sponsorships and television commercials, as well as in-print and online advertisements.More Details