New Zealand

Gambling venues in New Zealand are getting better at helping problem gamblers, but need to do more, says New Zealand Internal Affairs’ Director of Gambling Compliance, Gareth Bostock.

SkyCity Entertainment Group chairman Chris Moller has announced his retirement from the board, effective on December 31, 2017.

New Zealand’s SkyCity Entertainment won an unfair dismissal case against a casino worker fired for authorizing a payment of more than $300,000 to a player, local media reports.

OpenBet and Paddy Power Betfair have been selected to deliver technology solutions and supporting data for the New Zealand Racing Board’s fixed-odd betting business.

The new legislation takes in sectors that were previously exempt. Both Australia and New Zealand have previously passed laws requiring banks and non-bank financial institutions, including casinos, to comply with laws intended to counter money laundering and the financing of terrorism.

SkyCity Entertainment Group posted a 4 percent decline in revenue for the three months ended March 31.

New laws widening the scope of current legislation on money laundering and the financing of terrorist activity are currently before the New Zealand Parliament and similar moves are expected in Australia.

 

New laws widening the scope of current legislation on money laundering and the financing of terrorist activity are currently before the New Zealand Parliament and similar moves are expected in Australia. The expanded legislation will bring in sports betting and wagering for the first time and will include significant extra costs for industry.

 



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New Zealand is amending its Racing Act to introduce charges for offshore betting operators amidst concern the local racing industry is losing out.

SkyCity Entertainment Group, New Zealand’s only listed casino operator, is seeing growth in its domestic operations, although its international business has been hit by a drop in VIP traffic.

New Zealand has introduced new anti-money laundering legislation, which has now been extended to cover sports and racing betting, lawyers, conveyancers, accountants and real estate agents.

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