Connect with us

World

Online Gambling in New Zealand

mm

Published

on

Gambling is a popular activity in New Zealand. The reported gambling expenditure in 2018/19, for instance, stood at $2 billion which highlights how profitable this industry has become. However, the legality of online gambling keeps coming up now and then. The challenges facing gambling enthusiasts in neighbouring Australia and other counties concern many players in the country.

Whether you are a resident here or you intend to visit the beautiful country, it’s essential to understand what the law says about this widespread practice. One of the most popular resources for online gambling brands in New Zealand is casinoReviews.net.nz.  

Players can get detailed and objective reviews of online casinos in the country, state of the gambling laws, latest trends and other developments in the industry. Knowledge of the gambling law will help you play safely and confidently, and you can leverage the immense opportunities in the industry.

Who Runs Gambling in the country?

Before delving into gambling laws, you need to understand who authorises gambling in the country. The Department of Internal Affairs (DIA) ensures compliance with the gambling laws and licenses.

The Gambling Commission (GC) plays a more hands-on role in overseeing casino operations. GC sets license conditions, issues casino operating licenses and listens to appeals against decisions made by the Department of Internal Affairs.

While online casinos are the most popular form of gambling, players can also place bets on sports through different platforms. The Racing Board regulates soccer, horse racing, basketball, tennis and surfing. The Lotteries Commission of New Zealand, on the other hand, runs the popular MyLotto, the online gateway where players can buy tickets and hope to win.

Online Gambling in New Zealand

Is online gambling legal in New Zealand? It is the first question that comes to mind for casino players in the country. To get an answer to this question, you have to look keenly at the Gambling Act of 2003. It is the most relevant legislation when it comes to the question of the legality of casinos in the country.

The Act establishes classes of gambling are determined by the prize values and methods of gaming (Class 1, 2, 3&4). It also bans online interactive gambling with limited exceptions. However, the Act doesn’t prohibit foreign gambling websites. Through this law, online gamblers can freely use foreign-based casinos and other gambling platforms.

Are Land Based Casinos Legal?  

There are only seven land-based casinos in the country despite the popularity of gambling. However, you’ll find many racetracks and bingo halls and high-street betting shops.

Since the first land-based casino appeared in 1994, the restrictive nature of licensing has hindered growth which in turn has seen more players opt to play online.

Playing at Online Casinos

While the Gambling Act restricts the establishment of land-based casinos and even New Zealand online casinos, offshore casinos continue to thrive. The biggest casino brands have identified this as one of the fastest-growing markets, and they have launched sites designed for local players.

It is now possible to play at foreign-based online casinos that process transactions in New Zealand dollars. These platforms also offer pokies and other popular casino games that local players enjoy. The best part about these casinos is that players keep their winnings as there are no taxation structures.

However, this lack of distinct laws also poses a significant risk for players in case of problems when playing. Luckily, the best online casinos carry licenses from reputable licensing authorities. The player should check the reputation, reliability, legitimacy and security features of any online casino they wish to sign up with to protect themselves.

The Mobile Casino Revolution

With over 80% of the population using smartphones, mobile gambling has snowballed. The Gambling Act considers mobile gambling apps illegal but local players can still download these apps. The biggest casino brands such as Leo Vegas Casino, Bet365 Casino, and Mr Green Casino now offer mobile casino experiences through apps and mobile-friendly websites.

With no local regulatory oversight, players should read reviews and testimonials and check the reputation of any mobile casino app or mobile casino website they wish to use.

So, are Online Casinos in New Zealand Legal?

The Gambling Act doesn’t explicitly ban online gambling on offshore casinos. It is this ambiguity that has seen the New Zealand Government through the NZ DIA express willingness to update the laws for today’s digital world.

For now, casino lovers in the country can sign up and win at foreign-based casinos. However, lack of regulatory oversight for these casinos poses a risk and it’s thus necessary for players to research keenly to ensure a safe and enjoyable casino experience.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Meet the Team: The Experts Driving Phoenix Capital Group’s Vision

mm

Published

on

A popular saying in business is that behind every successful company stands a skilled and dedicated team of professionals working every day to achieve more. That’s the case at Phoenix Capital Group Holdings, LLC, where experts drive the company’s vision to new heights.

Thanks to the hard work and dedication of its exceptional team, Phoenix Capital Group consistently strives to deliver value and high-quality returns to individual landowners and investors in the oil and gas industry.

Here are a few of the experts leading the charge at Phoenix Capital Group.

Adam Ferrari, Chief Executive Officer

Adam Ferrari, the son of co-founders Daniel and Charlene Ferrari, serves as the CEO of Phoenix Capital Group. With nearly 20 years of experience in the oil and gas industry, Adam has been instrumental in leading the company and focusing on key initiatives that drive substantial growth.

Raised in a small farm town in Illinois, Adam learned the values of hard work, grit, and determination from an early age. He graduated magna cum laude from the University of Illinois at Urbana-Champaign with a degree in chemical engineering. Starting his career at BP in the Gulf of Mexico, Adam honed his engineering skills before moving through various leadership roles at the company and later transitioning to investment banking at Macquarie Capital.

Adam’s entrepreneurial spirit led him to found multiple oil and gas ventures throughout his career. Phoenix Capital Group is the culmination of his diverse experiences and his most significant project to date.

Adam is married to Brynn Ferrari, the CMO of Phoenix Capital Group. They have a young son and hope to expand their family in the future. Outside of work, Adam enjoys spending time with his family, exploring local cuisine with Brynn, and watching USC Trojans football.

Curtis Allen, Chief Financial Officer and Partner

Curtis Allen brings over 10 years of experience in financial services—with a strong emphasis on investment analysis—to his role as CFO and Partner at Phoenix Capital Group. A CPA, Curtis has a broad range of financial experience, from preparing private taxes to auditing billion-dollar defense contractors. He has managed investments for corporate and personal clients for over seven years and holds Series 7 and 66 licenses. He has also passed the CFA Level 1 exam.

At Phoenix Capital Group, Curtis oversees all finance and accounting functions, as well as various day-to-day operational tasks.

A family man, Curtis is married with two children. Outside of work, he enjoys outdoor activities such as playing beach volleyball with his wife and bicycling with his family.

Lindsey Wilson, Chief Operating Officer and Partner

Lindsey Wilson, COO and Partner, brings extensive practical experience to Phoenix Capital Group. She has led various diverse, multidisciplinary teams within the energy sector, and she prides herself on setting and achieving aggressive business goals while ensuring all employee needs are met.

A founding member of Phoenix Capital Group, Lindsey manages and oversees the company’s daily business operations. She works closely with all supervisors and department heads to support the day-to-day activities of all employees.

Lindsey began her career in the oil and gas industry in 2011 as a leasing agent in Fort Worth, Texas. This foundational experience served as a springboard, allowing her to transition into more advanced roles within the mineral and leasehold acquisition space.

Combining her practical oil and gas experience with skills gained in sales, marketing, and underwriting in the hospitality and banking sectors, Lindsey has successfully led Phoenix Capital Group’s multi-functional organization. She holds a BBA in Marketing from the University of Texas at Arlington.

Lindsey is married with a daughter. She enjoys spending time with her family and training for marathons.

The Entire Team at Phoenix Capital Group Contributes to Its Success

Adam, Curtis, and Lindsey have over 60 years of combined experience in the energy sector. They bring a diverse array of skills in software development, engineering, finance, and more to Phoenix Capital Group.

However, the company’s immense success would not be possible without the dedication, skills, and hard work of the entire team.

The large and diverse team at Phoenix Capital Group focuses on minerals, investments, operations, marketing, land, finance, technology, and more. Through their combined effort, they contribute to the company’s ongoing success and growth.

About Phoenix Capital Group

Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.

Continue Reading

Trending