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Although online casino New Zealand is strictly regulated to lottery and sports betting game, the government of New Zealand allows kiwi to gamble online on international sites. It is illegal to engage in unauthorized online gambling using national New Zealand sites. So far, no one has been taken to court for online gambling in the country. The ministry of internal affairs has set out strict laws to prevent Kiwis from gambling online. For example, the Gambling Act of 2003 bans the online gambling with only the just a few sports betting games and lotteries, which are strictly regulated. The regulation is an explanation as to why the industry is small in the country, and people are not getting the maximum benefits.With the citizens spending more than two billion dollars annually on gambling, average Kiwi spends about $41everyday on the same. Some of the major casinos in NZ include Skycity Auckland, which has a 700-seat theater and a convention center. The government has set out laws to ensure that some of the returns go to charity work.
Most of the popular and more common online games like Online Pokies, Roulette, Baccarat, Video Poker, and Blackjack are played by the vast majority of New Zealand gamblers. Due to the limited acceptance of the New Zealand dollar, a few online casinos directly cater for the majority of the Kiwi residents.
According to the Gambling Act 2003, unless authorized by the government, gambling is illegal. There are four specific categories of gambling that would require a special license, for operation in New Zealand. The turnovers and price for the licenses vary from one class to the other. Strictly, for a player to enter a casino, he or she must be at least 20 years of age. But, for those interested in Sports betting, lotteries, and scratch cards, one should have attained 18 years. In effect, it results in a few participants in kiwi online gamblers.
Since there is no single online casino NZ based gambling site, kiwis who gamble online can accommodate their preferences with instant download software. More so, the New Zealand dollar is not accepted as currency by online gambling institutions. The typical online casino NZ is not in line with the New Zealand dollar system as it finds difficulty basing the currency on their cashier systems
New Zealand has over 170 online gambling casinos, yet none offers locally based casinos. All the sites are owned by organizations outside the country, with over 287 that provide gameplay in English and accept wage bill in New Zealand dollars. So far, there is a total of 23 Online Poker and 35 Online Bingo. Also, there are 26 Online Mobile Casino and only 25 sports book.
While online gambling is a good recreation activity in New Zealand, the social impacts it has on the society cannot go unnoticed. In the 1999 final report, the National Gambling Impact Study Commission recommended that gambling should be expanded. The commission, in its plea, requested that people should be enlightened about the positive effects of the gambling industry. The representatives of the gambling industry felt that conclusive research should be done to ascertain the possible gains from gambling. As a solution to the high unemployment rates in the country, supporting the gambling industry, for proper economic renewal, is seen as the best solution. They advised that it could best be done by using “destination resort,” which will create job opportunities. Besides, authorities have enjoyed substantial revenues from the establishment of gambling and lotteries.
New Zealand’s ministry of internal affairs should legalize local online gambling for its people. It will help raise more income while allowing citizens to enjoy recreational activities. The income, once distributed to charity will aid in fairer redistribution of natural resources. Consequently, more job opportunities shall arise from the online casinos. For example, the Skycity Auckland gives an estimated 2000 jobs, as of 2006, and has given approximately NZ$670 million to the Australian shareholders, in dividends. According to the statistics, slightly over eight million visitors have gone to the casino with fifteen percent from overseas.