Over time, the industry for online gambling has grown to be very profitable. Numerous online casinos NZ prove their legitimacy and trustworthiness by obtaining licences from well-known iGaming regulatory authorities.
The increased use of the internet has made it possible for individuals to visit casino establishments without ever leaving their homes, even in the most secluded countries around the world. Online gaming certifications and permits are crucial since a gambling corporation needs to have followed a number of tight laws in order to be allowed to operate.
The Gambling Act of 2003 in New Zealand prohibits any domestically owned gambling business from providing any kind of virtual internet casino games.
As a result, there are no online casinos in the nation that are authorised or overseen by the New Zealand Gambling Commission, but many of them hold licences from other jurisdictions. Online lottery games, horse racing wagering, and sports betting are the only types of online gambling that are currently permitted in New Zealand.
Purpose of the casino licence
The goal of the licencing program, in accordance with the Gambling Act of 2005, is to guarantee that games are honest, transparent, and fair and to prohibit any links between gambling and criminal activities.
The gaming permit also protects vulnerable individuals, like children, from exploitation.
Types of New Zealand casino licences
The following are offshore regulatory bodies, but they are the most popular in New Zealand.
Malta Gaming Authority
Malta’s gambling regulatory body is called the Malta Gaming Authority. The fact that the operator has this licence demonstrates that they are trustworthy, ethical, and compliant with EU regulations. In its jurisdiction, it controls the majority of gaming activities, including both traditional and online possibilities. A casino website managed by the Malta Gaming Authority, which is well-known throughout the world, will have numerous opportunities available to it. It is believed and acknowledged that an operator has passed a number of demanding, stringent, and comprehensive procedures and examinations if they have been awarded a Malta gaming licence.
Gibraltar Gambling Commission
The Gibraltar Gambling Commission has developed a continually successful industry fueled by creativity, financial services, and technology. The Gibraltar Gambling Commission’s gambling licence will significantly boost the casino’s level of credibility and trustworthiness when shown on the online gambling company platform. Extraordinary degrees of player confidentiality and strict regulation measures that are upheld by Gibraltar serve as the foundation for trust in the Gibraltar Gambling Commission’s licence.
Curaçao Gaming Control Board
Curaçao eGaming, a significant professional licencing body in Curaçao, provides gaming licences to operate online gaming businesses. A gaming licence is provided by the government of Curacao to operators, software developers, and network operators in the e-gaming sector, enabling them to carry out operations linked to casinos, lotteries, and other gambling-related activities. Cryptocurrency is not restricted under this casino’s Curaçao licence.
A casino licence is one of the most important things that a casino must strive to get. These licencing agencies mentioned are the most well-known in New Zealand, and online operators around the world highly value their services. There are many others who grant licences to online casinos in New Zealand.