Internet Gambling with Credit Cards Could Get Banned in NZ
Recently updated on August 4th, 2019
New Zealand’s government agency is on a mission to ban internet gambling with credit cards. The New Zealand Department of Internal Affairs is responsible for creating and regulating the gambling industry. One of the many reasons behind the department considering the ban of credit card internet gambling is the launch of SKYCITY Entertainment Group’s internet gambling outfit in New Zealand.
New Zealand currently offers Kiwi players state-run lottery and TAB. The operators are the only two authorised operators allowed to provide internet gambling products in the country. Early 2019 saw SKYCITY partner with Malta-based gambling operator to offer NZ with gambling services online. SKYCITY is evading the existing NZ regulations by basing its operations in Malta.
What does the Credit Card Ban entail?
The details around whether or not the NZ regulator will succeed in banning the use of credit cards for internet gambling are still sketchy. The possible ban is believed to be a part of the protection of local Kiwi gamblers from spending excessive amounts of money on betting. The regulators’ news on the ban follows the UK Gambling Commission announcing a consultation on whether or not the UK should ban credit card internet gambling. Macquarie, an Australian bank, has started blocking transactions that are classified as gambling.
SKYCITY’s Internet Casino
SKYCITY’s Maltese subordinate, SKYCITY Malta is set to run SKYCITY’s internet gambling operation. The operation will be powered by Gaming Innovation Group, a casino gaming and betting online platform.
SKYCITY’s venture has brought about mixed reactions and a worry that the operation would have a hand in the increase of problem gambling cases. The New Zealand Department of Internal Affairs was prompted by concerned Kiwis, which have led to the review of the country’s gambling laws and use of credit cards.
Overview
Internet gambling with credit cards is convenient, and most internet casinos do not charge Kiwi players fees for processing deposits made from credit cards. Convenience is both an advantage and a disadvantage.
Problem gamblers are often pushed into debt by the high-interest rates on transactions charged by the credit card issuer. The ban on credit cards could be useful. However, there are several ways players can make deposits to fund their gambling activities. The ban could essentially work or simply become another gambling inconvenience.
More Casino News
Published by Taralynn
August 4, 2019
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 Taralynn
January 16, 2019
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on January 16th, 2019Fortnite Battle Royale is one of the most played video games in the world. However, this popularity has drawn a lot of attention from the dark web. In Fortnite, players can buy in-game currency called VBucks to purchase special items. However, criminals on the dark web have been buying VBucks […]
Published by Mark
April 23, 2019
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on April 23rd, 2019Australian casinos can expect to see a turn-around in their efforts to attract foreign high-rollers. According to analysts, attracting Asian big spenders remains on the agenda even with the decline in economic activity in China. Of course, casinos in Australia have bared the brunt of the economic slowdown in China […]
Published by Taralynn
July 8, 2020
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on July 8th, 2020On Monday, the Department of Internal Affairs (DIA) issued a formal warning to SkyCity Entertainment Group for emailing customers in March. Reportedly, the operator emailed customers in March, just days before Alert Level 4 was unveiled. In the email to loyalty program members, the company reportedly informed customers that its […]
Published by Mark
March 29, 2019
Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on March 29th, 2019Microgaming’s spy hero Jane Blonde is back in a new tale of espionage and cloak-and-dagger antics in their newest online pokie release – Agent Jane Blonde Returns! The follow up to the 2005 classic has been hotly anticipated for some time now and definitely gives players something to get excited […]
Published by Taralynn
September 18, 2019
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on September 18th, 2019John Allen has handed in his resignation as the CEO of Racing Industry Transition Authority (RITA). He had been in this position for four years since the change of replacing the New Zealand Racing Board. According to a statement he made, he mentioned that this was a personal decision, and […]
