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New Zealand crackdown on internet gambling
Friday August 15,2014 : NEW ZEALAND'S LABOUR PARTY PROMISES CRACKDOWN ON INTERNET GAMBLING
National Racing Board applauds promise of a tougher stance.
If the New Zealand Labour Party gets into power in the next general election, offshore gambling operators beware; the party has promised that a crackdown on internet gambling is among its priorities.
Labour MP Ross Robertson told local media this week that legislative steps would be taken to stem the flow of an estimated NZ$300 to NZ$400 million spent by New Zealand online punters on offshore sites that escape domestic taxes and levies.
"That particular sum is conservative. I would estimate it's probably double that, and if that can be used for working with the industry to increase stakes, then that's got to be good for the industry," Robertson said, adding that the law change would raise an extra NZ$20 million in tax a year.
The New Zealand Racing Board was quick to support Robertson, welcoming his commitment to tackle the issue of offshore betting, whilst the government's Racing Minister, Nathan Guy, said the issue was now a priority, and his team intend to work closely with the racing industry to look for practical solutions to the problem after the election.
New Zealand Racing Board Chair Glenda Hughes said the amount of betting cash flowing to offshore websites was increasing, and now constitutes a major threat to New Zealand’s racing industry.
"We have long called for measures to level the playing field and ensure the racing industry sees a benefit from their investment," she said Friday.
"We have been working with the current government on this issue and we are pleased that both these political parties now see the need to take action."
The racing industry boasts that it plays a critical role in the New Zealand economy, contributing NZ$1.6 billion to GDP - on par with the seafood and wine industries - and employs over 17,000 New Zealanders.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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