In a groundbreaking move that has been met with widespread approval, the New Zealand government has announced plans to introduce regulation of the online gambling industry. This decision has been welcomed by leading entertainment and casino operator SkyCity Entertainment Group, who have long been advocates for a more regulated and transparent online gambling sector.
The move comes as concerns around the proliferation of illegal offshore gambling sites have continued to grow, as well as the potential risks posed by unregulated online gambling to vulnerable individuals. The new regulations will aim to ensure that online gambling operators are subject to the same level of scrutiny and regulation as their land-based counterparts, providing a safer and more secure environment for New Zealanders to enjoy online gaming.
SkyCity Entertainment Group has been a vocal supporter of increased regulation within the online gambling industry, and the news of the government’s plans has been met with enthusiasm by the company’s CEO, Graeme Stephens. In a statement released following the announcement, Stephens praised the government for taking decisive action to address the issues facing the online gambling sector.
“We believe that a regulated online gambling market is crucial for ensuring the protection of New Zealand consumers, as well as safeguarding the integrity of the industry as a whole,” Stephens said. “We have long advocated for greater regulation within the online gambling sector, and we are delighted to see the government taking steps to address this issue.”
In recent years, SkyCity Entertainment Group has made significant investments in its online gambling offerings, including the launch of its own online casino platform. The company has also partnered with international gaming operators to expand its online gaming portfolio, offering a range of popular casino games and sports betting options to customers in New Zealand.
With the government’s plans to regulate the online gambling industry now in motion, SkyCity Entertainment Group is poised to benefit from the increased oversight and accountability that will come with these new regulations. The company has pledged to work closely with policymakers and regulators to ensure that its online gambling operations comply with the new regulatory framework, and continue to provide a safe and enjoyable gaming experience for its customers.
As the government moves forward with its plans to regulate the online gambling industry, industry stakeholders are optimistic about the potential benefits that this new regulatory framework will bring. With SkyCity Entertainment Group leading the charge in support of increased regulation, the future of online gambling in New Zealand is looking brighter than ever.
