NZ Gambling Commission

What NZ Gambling Commission is?

The Gambling Commission acts as the primary body that regulates and oversees the gaming industry. It is based on the principles of the NZ Gambling Act 2003. The primary purpose of the New Zealand Gambling Commission is to ensure and control fairness in the casino business. The authority guarantees integrity and compliance with rules and regulations throughout the country. 

Another key area of activity is the appeal of decisions made by the Ministry of Internal Affairs of the country related to the compliance and licensing of the casino industry. In addition, the body consults the Ministry on issues of gaming policy as an integral component of the regulatory landscape.

The New Zealand Gambling Commission aims to steer the industry in the direction of responsible gambling. As we’ve noticed, it minimizes and prevents problem behaviour and assists in helping with psychological services for potentially addicted gamblers. The members of the Commission are called to reduce the harm of gambling, expand the awareness of the audience and develop a responsible attitude towards casinos and betting. Special attention is directed to monitoring the average NZ casino age and protecting the most vulnerable sections of the population. The Commission regularly conducts sociological surveys and produces relevant statistics. Based on the received facts, the authority draws certain conclusions and brings in suggestions on how to improve the course of activities in the branch.

Pros and Cons of New Zealand Gambling Licence

Millions of New Zealanders are involved in gambling. Thanks to the active expansion of online casino sites and land-based casinos in New Zealand, we are talking about a large income for the country’s budget. It has therefore become important for the government to regulate the business and ensure the safe and smooth functioning of gambling as such.  

Compared to previous years, we’ve observed a transformation aimed at protecting consumer rights and focused on responsible gambling. With the introduction of the Gambling Act 2003, the Commission enforced strict controls and only a few gambling providers were allowed to operate. However, the gains of the gambling license NZ are accompanied by certain drawbacks too. Let’s take a closer look at its strong and weak sides.

 Pros:

• Security guarantees for visitors

The rules guarantee a safe environment for players. Online casinos are forced to have permits to conduct legal activities. Such regulations ensure reliable data protection, encrypted transactions, compliance with cyber security and prevention of information leakage. 

• Taxes are sent to the state budget

All casinos operating under a Gambling Commission Licence pay taxes to the state treasury. In this way, your activity not only benefits you as a hobby but also helps to direct money to the right place.

• Fair play 

The Commission that regulates casinos monitors compliance with the rules of fair gambling. The site should cooperate with recognized developers. The software presented in the lobby comes from original resources. In addition, licensed online casinos guarantee that the results of all games will have a fair course since they work on a random number generator.

Cons:

• A smaller selection of casino sites 

With the beginning of mandatory licensing, fewer casino sites remained in the arena since not all of them passed the strict tests and did not receive a permit.

• The increased number of shady sites

As follows from the previous disadvantage about the limited choice of online casinos, New Zealanders are increasingly choosing foreign casino sites or joining the black market. Both options attract them with favourable conditions or generous bonuses. However, in this case, there are high risks of encountering fraudsters.

Alternatives to NZ Regulator

Organisations like the New Zealand Gambling Commission exist around the world. The goal and key focus remain the same. They involve guarantees of gamblers’ safety and regulation of the casinos and betting markets. Here are several alternative and equally reputable authorities that our experts put forward.

• UK Gambling Commission (UKGC). This body is recognized in New Zealand and is considered stricter in terms of imposing requirements on operators. Casinos with UKGC licences must adhere to severe regulations for player safety, implement reasonable tools for self-exclusion and set clear betting limits.
• Malta Gambling Authority (MGA). The regulator pays great attention to anti-money laundering measures. In addition, the MGA focuses on online casinos operating in several jurisdictions and offers a comprehensive network of measures for global casino operators.
• Isle of Man Gaming Supervision Commission. The authority conducts a thorough assessment of future licensees. The Commission focuses on the business model of the casino, the integrity of the software and the principles by which the administration is guided in relation to players and potential visitors.