New Zealand online casino bill set for Parliament scrutiny

Regulated online casinos are edging closer towards reality in New Zealand, as the Online Casino Gambling bill has passed its second reading in the country’s Parliament.

The rubber stamping of the regulation is scheduled to be completed in June; however, there are still a few hurdles that are left to be overcome.

Support was shown for community returns from the online casino gambling market in the second reading, as offshore gambling duty (online gambling duty once the bill passes) will increase from 12% to 16%, with approximately 4% ring-fenced for community benefit.

Further scrutiny is set to come for the bill, as it now progresses to the Committee of the Whole House, which will consider the legislation in detail, debate each of its clauses and make any changes if necessary.

Once the clause review is complete, the bill will return to the House of Representatives for its third and final reading. The House will then vote and decide if the legislation should become law. If the bil..

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