The New Zealand Department of Internal Affairs (DIA), which acts as the gambling regulatory body in the country, is planning to implement a ban on the use of credit cards for online gambling, local media reports.
The DIA in July said it was also looking at ways to minimize harm for gambling, which included examining whether a ban on the use of credit cards would be effective and launched a public consultation.
According to the New Zealand Times, the department now plans to carry out the ban.
New Zealand’s largest operator, SkyCity Entertainment Group, in August said its online gaming website is now up and running for New Zealand players. The website is operated through its subsidiary SkyCity Malta Ltd.
There are already a number of illegal online sites available to New Zealanders who are estimated to invest about NZ$160 million (US$110 million) a year.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.