Christchurch Casino License Review Hearing Underway
Recently updated on December 5th, 2018
Christchurch Casino is the first Kiwi casino up for a license review. While the current Christchurch Casino license is valid until November of 2019, the New Zealand Gambling Commission is now taking submissions from interested parties. These parties include casino representatives, the City Council and the Problem Gambling Foundation.
Roughly 70 submissions were filed with the Commission. Starting on Tuesday, interested parties could also give oral submissions in a hearing. Skyline Enterprises operates the casino, and already applied for the next license in March. Reportedly, the operator paid approximately NZ$200 000 in application fees to start the process.
Charity Contributions for Christchurch Casino
One of the expected stipulations of Christchurch Casino’s license renewal is a charity contribution. According to reports, the casino will need to pay 2.5% of net profits to charity or NZ$500 000. In 2017, profits amounted to NZ$16.1 million. Using the condition, this means they would need to contribute NZ$402 500 to charities. Currently, SkyCity Auckland has to follow these guidelines.
However, the casino believes this requirement should be NZ$250 000 because it has less facilities. SkyCity Auckland has 150 gaming tables and more than 1800 slots. In comparison, Christchurch Casino has only 36 gaming tables and 50 pokies. As the review progresses, this could be taken into account for the final requirement.
Another suggested contribution for charitable causes is a discretionary fund. This fund should amount to NZ$100 000. Any leftover monies at the end of the year will be added to charitable funds.
Christchurch Casino License Review
Christchurch Casino opened in 1994, and received a license for 25 years. As the first land-based casino in New Zealand, it is also the first to renew its license. This review will set the standard for other casinos due to renew their licenses in 2020 and beyond. So, for updates on this story, keep visiting New Zealand Casinos.
Published by Taralynn
December 5, 2018
Categorie(s): Latest News, New Zealand, North Island, South Island
About the Author
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content.
Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
More Posts from Taralynn.
Related Posts
Published by Mark
July 18, 2019
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on July 18th, 2019An accountant based in Singapore was embezzling over NZ$44.8 million (about US$30.2 million) over a period of 10 years. To fund his extreme gambling addiction was sentenced to 25 years and ten months in prison. The 65-year-old accountant’s name is Ewe Pang Kooi; he was born in Malaysia but was […]
Published by Mark
April 22, 2019
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on April 22nd, 2019It has been reported by Newsroom.co.nz that there are about 13 offshore gambling sites. These websites are using the New Zealand association to seem credible. The gaming websites have gone as far as to use the country’s coat of arms and New Zealand website addresses. According to the Department for […]
Published by Taralynn
August 15, 2018
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on August 15th, 2018Gaming Machine Proceeds fund communities across New Zealand, making it possible for amateur sports and local outreach projects to thrive. From April to June 2018, proceeds from gaming machines have risen by 3.1% to NZ$6 846 240. This is according to the latest statistics from the Department of Internal Affairs […]
Published by Taralynn
March 16, 2018
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on March 16th, 2018One of the most popular television shows in history, Game of Thrones, is nearing its end. This week, UK bookmakers have decided to suspend the betting market for it after suspicious bets were placed. This comes after several leaks during the seventh season involving scripts and broadcasts. In 2017, three […]
Published by Taralynn
July 23, 2021
Categorie(s): Big Wins, Bonus Codes, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on July 23rd, 2021 No, you can’t withdraw your casino bonus shortly after claiming it at online casinos. If you’re interested in “when can I withdraw my casino bonus?” then this is the guide for you. Online gambling sites offer bonuses to draw new players and show off the best games they have. […]
