New Zealand

A New Zealand taskforce on off-shore betting in the racing industry is recommending a fee be imposed on offshore bookmakers who are thought to be taking about NZ$58 million ($40 million) a year in bets from New Zealand gamblers.

New Zealand’s government is reviewing the gambling sector amidst concern about decreasing returns available to fund community projects.

A major expansion of Adelaide Casino has moved a step closer after SkyCity Entertainment lodged plans for the exterior design of the development with the South Australian design approval body, the company announced.

New Zealand’s SkyCity Entertainment Group said it has formally signed a building works contract with The Fletcher Construction Co, triggering the activation of government concessions granted to the company over its gaming license and tables.

SkyCity Entertainment Group said it will team with New Zealand contractor Fletcher Construction to build its new convention center and 5-star hotel in Auckland and expects to begin building by Christmas.

The project includes a retail laneway linking Nelson and Hobson streets and 1,327 parking spaces.

The contract award is worth about $477 million ($323.5 million). Overall, SkyCity says the projects represent an investment of $700 million for the company.

New Zealand’s Green Party is calling on the government to withdraw a concession granting SkyCity Entertainment extra pokie machines for its new Auckland resort due to claims it’s not doing enough to ensure responsible gambling.

SkyCity Entertainment, which operates six casinos in Australia and New Zealand, says it plans to focus on its business in New Zealand for future growth and isn’t looking at acquiring new properties in the increasingly competitive Australian market.

New Zealand Internal Affairs Minister Peter Dunne has announced a number of decisions affecting the gambling sector, including increasing gambling operator fees, a government press release said.

SkyCity Entertainment Group announced that Auckland Council has given the New Zealand International Convention Centre resource consent approval.

The Asian-African Tote Association (AATA), which was established last year to foster relationships between global wagering operators, wrapped up its annual conference in Sydney Sept. 4th- 5th, with leading industry figures providing insight on topics including the potential of co-mingling and the challenges posed by illegal gambling.

The Asian-African Tote Association (AATA), which was established last year to foster relationships between global wagering operators, wrapped up its annual conference in Sydney Sept. 4th- 5th, with leading industry figures providing insight on topics including the potential of co-mingling and the challenges posed by illegal gambling. As wagering operators face mounting competition from other forms of gambling, they are also contending with an illegal market, offering cheaper products and worth potentially as much as $500 billion.



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