New Zealand

Auckland poker player Dan Sing won the Main Event at the New Zealand Poker Open at Sky City Casino, taking a princely sum of $50,860.

SkyCity Entertainment Group said its revenue rose 17.9 percent to $415.6 million in the second half of the 2015 year-to-date, attributing the growth to its international business which saw a 63 percent increase in turnover boost to $8.62 billion during the period.

In an investor presentation, the Auckland-based company said the rise in international business reflected an improved win rate of 1.37 percent compared to 1.12 percent in the previous corresponding period.

Economic Development Minister Steven Joyce and SkyCity CEO Nigel Morrison announced that the company and the state have agreed the preliminary design, and executed an amended ...

SkyCity’s CEO announced that it is making good progress with the government towards finalizing the preliminary design of the New Zealand International Convention Centre.

New Zealand Racing Minister Nathan Guy has urged the government to crack down on online gambling operators which are depriving the government of vital taxes.

Following an announcement in November in which the New Zealand Racing said it had created a task force to look into monitoring remote online betting, Guy said that the rising popularity of remote based operators was undermining the state run TAB which New Zealand Racing operates. The government estimates gamblers spend around NZ $300 million (£150 million) with remote operators.

The Australian and New Zealand market is poised to see strong growth in its VIP gaming market this year, benefiting from Macau’s downturn, according to a report by Morgan Stanley Research analysts.
VIP gaming market growth is expected to be 48 percent and 26 percent for the fiscal year 2015 to 2016, respectively, an upward revision from 35 percent and 10 percent.
Echo Entertainment Group, Crown resorts and SkyCity “are driving structural VIP growth by providing junkets with better working capital and commission rates vs. Macau. [Echo] is most levered to VIP growth.”

The New Zealand government will consult the gambling industry and the public on proposed changes to gambling fees, Internal Affairs Minister Peter Dunne announced.
Currently the cost for the government to regulate gambling exceeds the revenue generated by current fees.
"Gaming machines in pubs and clubs produce most of the fees' revenue but pokie numbers have fallen further than forecast and this decline has not corresponded with a decline in the need to regulate the Class 4 gambling sector," said Dunne.

Skycity and the government have agreed to extend the approval date for the revised design of the Auckland convention center.
In an announcement, Skycity said the last date for design approval will be April 30.
“SKYCITY announces that it and the Crown have formally agreed to extend the last date for approval of Preliminary Design of the New Zealand International Convention Centre to 30th April, 2015.”

SkyCity will make $27 million ($20 million) in the next two years without doing a single thing to build its controversial convention centre in Auckland, New Zealand’s Green party claims.
The party’s claim of an unearned benefit is because the value of gambling concessions is fixed at 2013 rates while building costs are rising, which the Greens say with a fixed price contract “means the taxpayer gets less the longer construction is delayed.”

New Zealand Rugby has begun monitoring global betting patterns in an attempt to prevent match-fixing as the sport moves into Asia’s large financial markets.
NZ Rugby has signed a two-year deal with international company Sportradar to detect betting irregularities on Super Rugby matches - the largest professional rugby union football competition - involving a New Zealand team, local media Stuff.co.nz reported.

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