Volume: 16 Issue: 10
(October 2017)

Keywords:
new zealands racing amendment bill new zealand new zealand racing board ( ‘nzrb countrys sole provider racing sports betting

Jurisdictions:
australia new zealand

Options:

New Zealand’s Racing Amendment Bill

In New Zealand, the New Zealand Racing Board (the ‘NZRB’) is the country’s sole provider of racing and sports betting, but while advertising by offshore operators is prohibited, New Zealanders can still bet with offshore operators. The ‘leaking’ of proceeds from gambling to such offshore operators, away from the NZRB, has led to an attempt to alter New Zealand’s racing legislation: on 31 July 2017 the Racing Amendment Bill was introduced, which looks to modernise New Zealand’s gambling market. Australia’s recent reforms to its Interactive Gambling Act will also impact New Zealand’s racing gambling market. Chris Linton and James Woods of Duncan Cotterill describe the regulatory background and rationale behind the Bill, what the Bill sets out to achieve, and whether it goes far enough.