Articles tagged with Online Casino Gambling Bill

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New Zealand Passes Online Casino Gambling Bill to Boost Consumer Protection and Community Benefits

The Online Casino Gambling Bill has passed its final reading, introducing a regulatory regime that enhances consumer protections and ensures gambling revenue benefits local communities. It establishes up to 15 licenses for operators who must exclude problem gamblers and comply with strict harm prevention measures, while the Department of Internal Affairs gains stronger enforcement powers, including penalties up to $5 million. The Bill also closes tax loopholes, requires licensed operators to pay taxes, and will be followed by supporting regulations on advertising, harm minimisation, and consumer protection.

New Online Casino Gambling Bill Advances to Protect Communities and Regulate Harm

Minister Brooke van Velden welcomed the Governance and Administration Committee's report on the Online Casino Gambling Bill, highlighting its alignment with government decisions to regulate online gambling and protect New Zealanders from harm. The Committee received over 5,000 submissions, with significant concern about ensuring community returns from gambling revenue continue to support grassroots groups, leading to the recommendation that the Lottery Grants Board manage these funds. The Bill introduces safeguards to reduce gambling harm, addresses concerns about normalization and advertising, and includes a two-year review to monitor the impact on community funding.

New Zealand Government Introduces Community Funding Returns in Online Gambling Bill

Minister Brooke van Velden introduced the Online Casino Gambling Bill to address community feedback for local benefit, with a focus on problem gambling prevention. The Bill proposes an increase in the Offshore Gambling Duty to 16%, with 4% earmarked for community returns. A two-year review post-implementation will assess impacts on existing gambling forms and inform future policy adjustments.

New Zealand Introduces Online Casino Gambling Bill for Regulation and Consumer Protection

Minister of Internal Affairs Brooke van Velden has today introduced the Online Casino Gambling Bill to the House of Representatives. “The Online Casino Gambling Bill will introduce a regulatory system for online gambling in New Zealand, which will prioritise harm minimisation, consumer protection, and tax collection,” says Ms van Velden. Cabinet has previously agreed to introduce new legislation to regulate the online casino gambling market, which is currently unregulated in New Zealand.