New Zealand to Regulate Online Casinos with Licensing System Set for 2026

New Zealand’s government has announced plans to regulate online casinos by 2026, introducing a licensing system aimed at enhancing consumer protection, minimizing gambling-related harm, and ensuring tax compliance. This move marks a significant policy shift aimed at regulating rather than expanding gambling activities.

The proposed regulatory framework, outlined by Internal Affairs Minister Brooke van Velden, involves auctioning a limited number of licenses to online casino operators. Each license will be valid for three years, emphasizing strict adherence to regulatory requirements with a focus on consumer protection and harm minimization.

Key aspects of the regulatory plan include:

• Age Restrictions: Players must be at least 18 years old.
• Game Limitations: Licenses will permit the operation of online casino games exclusively, excluding sports betting and lotteries.
• Advertising Regulations: Licensed operators will be permitted to advertise, albeit with strict restrictions, to manage the exposure and influence of gambling activities.

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The primary goal of this initiative is not to increase gambling but to ensure that operators provide safe and responsible gambling environments. This includes meeting high standards for consumer protection and contributing to the national tax revenue.

“The regulation of online casinos is designed to control, not expand, gambling activities, ensuring that all operators adhere to our stringent consumer protection and harm minimization standards,” stated Minister van Velden.

The public will have the opportunity to provide feedback on the proposed regulations during the Select Committee process, with the regulatory framework expected to be in place by early 2026. This participatory approach aims to refine and enhance the regulatory measures based on public input and industry insights.

Casino operators like SkyCity Entertainment have expressed support for the regulation, citing the benefits of a level playing field and enhanced consumer protections. SkyCity has been proactive in the online space, having operated an online casino through a Malta-based subsidiary since 2019.

The regulation is anticipated to retain more gambling revenue within New Zealand by taxing online casinos appropriately. This shift is expected to support public services and contribute to economic development while addressing the social impacts associated with gambling.

Source:

“Regulating online casinos approach“, beehive.govt.nz, July 30, 2024.