Key Highlights:

Limited Online Casino Licenses: The New Zealand government plans to issue only 15 online casino licenses through a competitive auction process.

Local Operator Concerns: Local casino operators fear being outbid by larger offshore companies, potentially leading to a less regulated and socially responsible market.

Focus on Regulatory Compliance and Social Responsibility: Local operators emphasize the importance of maintaining high regulatory standards and prioritizing player protection.

A Competitive Landscape

New Zealand’s move to regulate its online gambling market has sparked debate among industry stakeholders. While the government’s intention to limit the number of licenses is aimed at controlling the market, local casino operators have expressed concerns about the potential impact on the domestic industry.

Local operators fear that large, offshore companies with deep pockets may outbid them in the licensing auction, leading to a concentration of market power in the hands of a few dominant players. This could potentially marginalize local businesses and reduce competition, which could ultimately harm consumers.

Prioritizing Responsible Gambling

Local casino operators argue that they are better equipped to adhere to local regulations and implement robust responsible gambling measures. They emphasize the importance of maintaining high standards of consumer protection and social responsibility.

In contrast, offshore operators may not be as deeply rooted in the local community and may prioritize profit over social responsibility. This could lead to increased problem gambling rates and other negative consequences.

As the New Zealand government moves forward with its online gambling regulatory framework, it is crucial to consider the broader implications of its licensing decisions. Striking a balance between revenue generation and social responsibility will be essential to ensure a sustainable and well-regulated online gambling market.