New Zealand has announced plans to regulate online casinos starting in early 2026, a plan the government says aims to minimize harm, support tax collection, and provide consumer protections.

Minister of Internal Affairs Brooke van Velden outlined a “high-level approach” to the regulation, including a licensing system where operators must meet strict criteria.

“There will be a licensing system for online casinos, where operators will need to comply with a set of criteria before they will be able to offer services to New Zealanders. It will be illegal for unlicensed operators to offer services to New Zealanders,” van Velden said in a statement.

The regulation is designed not to increase gambling but to ensure operators meet requirements for consumer protection and harm minimization, as well as paying tax. “Licensing is how we regulate most forms of gambling domestically,” van Velden added.

Licenses, available via auction, will last three years and will be limited in number. Online gambling will be restricted to individuals aged 18 or over, with operators only being able to offer online casino games, not sports betting or lottery. Licensees will be allowed to advertise under strict limits, although sponsorship by online casinos will remain illegal.

I expect the new regulatory system to be in place from early 2026 and the public will have the opportunity to provide feedback during the Select Committee process,” van Velden stated.

SkyCity Entertainment Group, a major player in New Zealand’s gambling industry, backed the proposal. “We remain supportive of the regulation of online casino gaming in New Zealand, with an emphasis on strong host responsibility and delivering community benefits in New Zealand,” the company said.

SkyCity’s CEO Jason Walbridge highlighted the importance of the framework in retaining funds within the country. “Currently there is a lot of money going offshore that should be staying in New Zealand as tax and community benefits. We hope this will be a key part of any future framework,” Walbridge commented.

Original article: https://www.yogonet.com/international/noticias/2024/07/30/73686-new-zealand-targets-2026-launch-date-for-online-casino-regulation

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