Moderators want to sell New Zealand games

Privatization of New Zealand games

They want a part that includes betting as well as commercial online gambling with slot machines and a part that includes lotteries. The moderates say that the lotteries may still be state-owned but they want to privatize the segments of commercial online gambling and betting. They want to sell these segments to the private sector.

"It should be freer for online casinos to decide on the bonuses they give”

Opening up for more casino bonuses

Since the new New Zealand Gaming Act came into force in early 2019, there have been strict rules regarding casino bonuses. New Zealand casinos are casino with New Zealand license issued by the Gambling Inspectorate, for example, can only give one bonus per player and license. In principle, it has worked so that casinos give a welcome bonus to new players and then they have not been able to get more casino bonuses . The moderates want it to be freer for online casinos to decide on the bonuses they give.

In the future, the moderates also hope that changes in the Gaming Act will be made directly by the government instead of going through the Riksdag. If the amendments are approved, New Zealand casinos get new gaming laws in 2023 apply from March 1 of the same year.

Gustaf Hoffstedt, secretary general of the online gaming industry association (BOS), is pleased with the news. ” I welcome the fact that the two main opposition parties are now very clear that they want to privatise part of the New Zealand Games " says Hoffstedt.

"It is not the government's job to run a commercial gaming company. Instead, it should introduce clear rules on gambling and monitor that gambling companies comply with these rules. There is no reason for them to compete with other gaming companies in the market,” he adds.

Reduced pressure on casino without a license

If the proposal goes through, this can lead to fewer players choosing the casino without license , which today is not covered by the Regulated Market in New Zealand, ahead of those licensed with tighter bonuses.

A casino bonus is not everything. Today there are many New Zealand casinos that offer fast casino withdrawals which many players think is worth more than big welcome bonuses when starting casino games. Should the law change go through as the Moderates are backing it, this would possibly have led to more bonuses for New Zealand players.

But bonuses without wagering requirements with them New Zealand mobile casinos such as PlayOJO or Yoyo Casino had probably completely gone to the grave, we suspect at 1080facts.co.nz.