Regulations & Laws for Online Casinos in NZ

Online gambling is at the peak of its popularity, generating multi billion amounts of yearly revenue and hosting millions of satisfied players on a daily basis. We can see a big number of new online casino operators on a monthly basis and the entire industry is expected to progress even more in the years to come.
Many players are still skeptic and have doubts when it comes to the fairness and legality of online casino operators. This is mainly due to the problems with withdrawing and receiving funds some players face in a handful of online casinos that have a reputation for stalling payments and using various tactics to deny players their winnings.

With the increase of revenue and players, the regulations for operating an online casino have become fierce in the past few years. In order for a casino to operate freely online today, it is required to have a regulatory gambling license acquired, monthly audits to be performed on every casino game in their offer and the casino to operate in a fair and professional manner in general.
These are all measures imposed to online casinos by regulatory bodies to ensure that the players are protected in every way and that a problem free and fair gaming session will be provided.

Most governments have voted gambling bills that enable online gambling to be regulated by law, providing clear information on what the resident country players can or cannot do, when it comes to online gambling. Some countries have banned their residents from making any financial transactions in online casinos (UIGEA act, USA), while most allow online gambling but require the online casino operator to follow and comply with regulations.

The best example for this is the UK, as the parliament voted a bill to passed regulating online gambling for all UK residents and online operators who do business on UK soil, but imposed all operators to acquire the UK Gambling Commission License and pay a yearly fee to the UK government. This step will ensure that the UK players will be protected to the full extent of the law.

Regulations for NZ players and online casinos

When it comes to New Zealand regulations for online gambling, the NZ government has legislated this venue a long time ago. In 2003, the Gambling Act was passed on which states that it is legal for NZ residents to gamble online, if the online casino is located outside NZ jurisdiction. However in one section of the act it states that NZ residents are not allowed to participate in online gambling, if the operators’ website is located within NZ jurisdiction. This makes the entire question about whether NZ players are legally allowed to gamble in online casinos very clear, with a positive answer, since there are no online casino operators situated on NZ territory.

The NZ government has made some other additional questions about online gambling very clear as well. In compliance with the Gambling Act all NZ players are allowed to take part in online poker and sports betting, since these areas fall into the same category as online casinos. Furthermore NZ players should be aware that all winnings from online casinos are excluded from annual income tax reports.

How are NZ players protected?

The regulations imposed by the 2003 Gambling Act by the NZ government are very simple and precise. NZ players are allowed to gamble online in casino operators based outside NZ territory and basically operators are prohibited to set up operations on NZ soil. This is a clever and simple solution to resolve everything about online gambling with one move, freeing the NZ government of any liability from online gambling.
This may seem at first that NZ players are left on their own to the mercy of online casino operators, but you can rest assured that you will be protected if any problems occur while gambling online. As we mentioned before strict regulations have been imposed to online casino lately, forcing them to operate in a professional and safe manner.
The license regulator a certain casino holds is the best way to solve any problems that might occur between the casino and the player. They will review the case in question and make a non biased decision in favor of one side. The regulators take their responsibility very seriously to protect players from potentially rogue and unfair casino operators online. If the online casino operator in question is found to have deliberately damaged the player in any way possible, their operations may be suspended and their license revoked, with further potential legal acts taken.

Safe Online Gambling

There is one very simple reason why it doesn’t work in the casinos favor to misbehave in any way towards online players. Today there are a very big number of operators who offer instant withdrawals, problem free payments and top of the line services. If that number was a handful a few years ago, today it is measured in the hundreds. If a player has problems in one casino the complaints will be passed among the gambling community very fast thanks to sites like NZOnlineCasinos.co.nz. This will drive away depositing players from that casino and they won’t make any revenue to continue operating. The time of rogue casinos online is behind us and today the only profitable way to operate is by offering top of the line services, attracting a big number of depositing players online.

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