New Zealand has officially launched a process to regulate online casinos in the country, following a surge in popularity of online gambling during the COVID-19 pandemic.
The move comes after years of debate and discussion about the potential risks and benefits of online gambling in New Zealand. The government has now decided to establish a framework for licensing and regulating online casinos to ensure that players are protected and that the industry operates in a responsible manner.
The Minister for Internal Affairs, Jan Tinetti, announced the launch of the process, stating that it is important to strike a balance between allowing people to enjoy online gambling while also protecting vulnerable individuals from harm.
“We have seen a significant increase in online gambling during the pandemic, and it is essential that we have regulations in place to protect consumers and prevent problem gambling,” Tinetti said.
The process will involve consultation with key stakeholders, including industry representatives, problem gambling organizations, and the public. The government will seek input on issues such as minimum age requirements, advertising restrictions, and responsible gambling measures.
One of the key considerations for the government is how to ensure that online casinos are not targeting vulnerable individuals or minors. The regulations will likely include strict age verification measures and restrictions on advertising to ensure that underage individuals are not exposed to gambling activities.
There will also be a focus on responsible gambling measures, such as self-exclusion tools and mandatory breaks for players. The government is committed to ensuring that online casinos operate in a transparent and accountable manner, with safeguards in place to protect consumers.
The launch of the process has been welcomed by industry representatives, who see it as an opportunity to establish a clear regulatory framework for online gambling in New Zealand. They have expressed a willingness to work with the government to ensure that the industry operates responsibly and ethically.
Overall, the move to regulate online casinos in New Zealand is a significant step towards ensuring that the industry operates in a safe and responsible manner. The government’s commitment to consultation and transparency will be crucial in shaping the regulations and in protecting consumers from harm.
