New Zealand is a country in Polynesia. According to the laws of New Zealand, online betting, as well as any sort of gambling, has legal status with specific terms and conditions. The annual turnover in the online betting industry is over 2,000,000,000 NZD. Online betting and casinos in New Zealand cannot conduct legal activities, but participants have trouble-free access to foreign-operated sites. However, its highly suggested to learn as much as you can from rugby betting sites before you start taking your purse out from the pocket.
New Zealand Betting Legislation
The law, which regulates the online betting business of New Zealand nowadays, was adopted in 2003. It was adopted to replace the regulations of 1977 and 1990. It is amended regularly. The law has the following objectives:
!. Control of the gambling industry and minimization of damage from gambling;
@. The wording of the list of permitted gambling entertainment;
#. Promoting responsible gaming;
$. Ensuring fairness and fairness of gambling;
%. Prevention of gambling offenses.
In accordance with current regulations, licenses that allow the operation of land-based betting or casinos in New Zealand are no longer issued. However, valid permits may be renewed. Participants from New Zealand are not allowed to provide services to players during national religious holidays.
According to the law adopted in 2003, types of gambling including online betting are divided into 4 classes:
^. Games with a win and a potential turnover of no more than 500 NZD, without the use of machines;
&. Exactly Similar games with a possible win and a turnover of not more than 5,000 NZD;
(. Games without the use of machines with a win and a turnover of over 5,000 NZD;
). Slot machines.
Games from only 3 and 4 classes are subject to licensing. Each of them has its own type of license with the relevant requirements.
Online Betting/ Gambling in New Zealand
According to the current law, the online betting sites that provide the opportunity to play in gambling on a distance basis are prohibited. This does not mean a total ban on betting sites in New Zealand. The authority has no way to limit the access of players to foreign-operated sites. The most popular gambling resource among players from New Zealand is 365bet.com. International bookmaker receives approximately 20% of all traffic in this thematic segment. In the second place there is the national lottery Mylotto.co.nz, and in the third place is the sweepstakes Tab.co.nz. Check sports betting nz though, for latest updated information.
Poker players from New Zealand often prefer to play at Pokerstars.com, and the most popular resource among bingo fans is Bingocabin.com.
Popular slot machines
Video slots are one of the most popular gambling options in the country. In New Zealand, they got the slang name “pokies”. Among the New Zealand gamblers, the following machines are especially popular:
The Wizard of Oz;
Prospects for the development of Online Betting in New Zealand
The market for online betting in New Zealand is formed and stable nowadays. Connectivity with the restriction on the issuance of new licenses, it is not yet possible to talk about a possible revival in the ground gambling segment. The authorities are trying to streamline the activities of online betting.