SkyCity Entertainment Group, New Zealand’s largest casino operator, has welcomed the government’s plans to regulate online gambling in the country. The government announced its intention to regulate online gambling last week in response to the growing popularity of online gambling sites in New Zealand.
SkyCity CEO Graeme Stephens expressed his support for the move, stating that regulating online gambling would provide consumer protections and ensure a level playing field for all operators. “We believe that regulation is necessary to protect consumers and prevent illegal operators from taking advantage of New Zealanders,” Stephens said in a statement.
The government’s proposal includes establishing a regulatory authority to oversee online gambling in New Zealand, as well as introducing stricter rules to prevent underage gambling and protect vulnerable individuals. The move has been met with widespread support from industry stakeholders, with many applauding the government for taking a proactive approach to regulating online gambling.
SkyCity, which operates four casinos in New Zealand, has been a vocal advocate for regulating online gambling in the country. The company has already made significant investments in the online gambling sector, including launching its own online casino platform in partnership with Malta-based online gambling operator Gaming Innovation Group.
With the growing popularity of online gambling in New Zealand, SkyCity has seen a significant increase in revenue from its online gambling operations. However, Stephens emphasized that the company’s primary concern is ensuring a safe and responsible gambling environment for all players.
“We believe that regulation is essential to safeguard the interests of consumers and prevent problem gambling,” Stephens said. “We fully support the government’s efforts to regulate online gambling and will continue to work closely with regulators to ensure compliance with all relevant laws and regulations.”
The government’s proposal to regulate online gambling in New Zealand is still in the early stages, with consultations expected to take place in the coming months. However, industry stakeholders are optimistic that the new regulations will help create a safer and more transparent online gambling environment for all Kiwis.
