News IBIA Calls for Open Gaming Licenses

IBIA Calls for Open Gaming Licenses

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The International Betting Integrity Association (IBIA) has called for the New Zealand government to adopt an open approach to gambling industry licenses.  

The authorities in New Zealand are considering the responses to a consultation launched earlier this year into how the gambling sector in that country should be regulated, and in its response, the IBIA, formerly known as ESSA, said that it was opposed to the existing monopoly model, and has suggested an open licensing system that included domestic and overseas operators, which it said was the best way to ensure customers were diverted from unlicensed and illegal offshore operators. 

The IBIA also said that there should be a liberal framework of taxation in the newly regulated system, suggesting that if the fiscal framework was set at too burdensome a level, new entrants would be deterred from entering the market: 

“Licensing fees should not be used as a revenue raising tool, and in effect an additional means of taxation, which would deter operators from seeking a licence.” 

They went on to suggest that the newly regulated market should make it possible for companies to offer a wide variety of betting options, as failure to do so would inevitably lead to customers seeking unregulated and illegal outlets for those bets.  

And they cited the UK Gambling Commission as an example of a regulatory body that oversees a large gambling market and permits a wide range of betting products, while keeping a close watch on the state of the market and working with operators to ensure integrity and rule compliance.  

The consultation, which has now closed was launched to gauge opinion into new regulatory options and the possible expansion of the New Zealand betting industry, which currently includes only two monopoly operators, the Totalisator Agency Board and Lotto NZ.  

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