New Zealand: How The Slots System Works
In February 2015 over $200 million was annually returned to the community from gambling proceeds from slots in hotels, pubs, and electronic gaming machines. The gambling benefits are maximized to the community due to the sectors honesty and transparency and […]
In February 2015 over $200 million was annually returned to the community from gambling proceeds from slots in hotels, pubs, and electronic gaming machines. The gambling benefits are maximized to the community due to the sectors honesty and transparency and in New Zealand slots can also be called poker machines, gaming machines or one-armed bandits.
The gambling sector it regulated by the Department of Internal Affairs and gambling is hosted in clubs, hotels, and pubs, while the Class 4 gambling operates on not-for -profit basis since its objective is to generate revenue to return to communities. In New Zealand, a proportion of the cash lost by gamblers on slots in bars and pubs is distributed to community groups. More than $594 million was generated by slots hosted in bars and pubs in 2013, this excludes cash from slots in clubs, and $249 million was returned by corporate societies to the community.
New Zealand Corporate Societies are called gaming machine societies also referred to as pokie trusts, and in 2014 a number of 43 non-club societies was operating 13,621 machines in 1,027 mostly pub venues. In Clubs, there were at the same time 3,509 machines operated in over 294 venues. Funding examples include the Northern region St John Ambulance that received between 2004 and 2012 almost $12 million; while other rants in the same period was made to the South Auckland Health Foundation to the value of $6.5 million and the Life Education Trust conducting drug education at schools received funding to the value of $6.4 million, while $4.4 million went to the trust for Bone Marrow Cancer and the Christchurch Earthquake Appeal Trust received $4.4 million in total all slots included those in clubs generated $826 million in funds.
Statistics shows that New Zealand gamblers spent $2091 million dollars in 2014/2015 in four main gambling forms that include NZ Racing, lotteries, gambling machines and casino play. None of this is reported to have come from online casinos. In November last year the working group appeal to Government to pass legislation forcing all offshore gambling companies to pay fees. It was determined that kiwi gamblers were attracted by higher odds offered at offshore betting companies although they contribute little if anything to New Zealand. Nathan Guy, Racing Minister in New Zealand, signaled that the Government may soon crack down on online gambling and has already announced a working group to look into the matter. The NZRB was pleased with the announcement due to the fact that Kiwi punters wager up to an estimated $300 million a year online and this would be a positive step towards resolving this long-standing matter.
Until 2003, there was not any law in place regulating online gambling until the 2013 Gambling Act was passed that prohibited online gambling activities. However, the law applies only to those establishment operating inside New Zealand. Borders. Any offshore online casino is able to accept New Zealand punters. However, they could be subject to fines for offering their services. As of this point, there have not been issued to any offshore online casino sites. According to Casinobonuseslisting.com there are several casino bonus offers available for player from New Zealand.
From the time when the laws prohibited any online casino operating within New Zealand, players residing in New Zealand who enjoy online gambling benefits such as playing from home are forced to find an offshore casino. When choosing an offshore or online casinos, players need to find a licensed, regulated site that specifically caters for NZ player requirements as far as native languages, local currencies, and banking methods are concerned.
Kiwis are unable to see advertisements of online offshore casino since the law prohibits it. New Zealanders looking to play online can find different offshore sites in order to choose a casino that meets their requirements. Online casinos offer outstanding game collections and include many of the best slots offered by leading software developers, thereby offering kiwis a wonderful way to enjoy gambling without the need to leave home. NZ players have an abundance of online casino options when it comes to online gambling.