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Online gambling is attractive because of its accessibility and high winnings, especially in New Zealand and the UK. Both countries have developed gambling markets, but their approaches to regulation are somewhat different. Let’s consider what other similarities and differences they have.
Let’s take a look at what the land-based and online casino markets in these countries offer. The text also includes detailed information on industry expansion and innovations.
New Zealand Gambling Landscape
New Zealand has six land-based casinos located in major cities and offering a variety of gaming and entertainment options. In recent years, online casinos for real money in NZ have become even more popular attracting a growing number of players with their convenience, variety of games, and enhanced security measures.
Land-Based & Online Casinos
In New Zealand, the percentage of online casinos is significantly higher than that of land-based ones. One of the reasons is that there are many more interesting games online. Land-based casinos in New Zealand offer a range of gaming and entertainment options, attracting both locals and tourists to their luxurious facilities in cities like Auckland and Christchurch.
Meanwhile, many offshore online casinos have gained popularity among New Zealanders. Due to convenient access to a wide variety of games, reputable Casino Deps gambling sites attract many players looking for entertainment and the chance to win real money from the comfort of home.
Regulatory Frameworks & Market Overview
The casino industry is regulated by the New Zealand Gambling Commission and operates under the Gambling Act 2003. This legislation ensures that casinos comply with strict standards to promote responsible gambling and prevent criminal activity. Currently, control over wagering activities in New Zealand is carried out by the Department of Internal Affairs.
According to the Gambling Act 2003, land-based casinos are legal but domestic online casinos are prohibited. However, there is no law prohibiting offshore online casinos, so New Zealanders are offered a huge range of reputable offshore platforms. The online casino business in New Zealand is growing rapidly thanks to technological advances and constant innovation.
There are more and more games with both virtual reality and augmented reality. The overall entertainment market in New Zealand is vibrant and diverse. Innovative technologies create a new space where players interact with each other in real-time. In addition, it’s expected that in 2024, the percentage of online applications that will facilitate a seamless gaming experience will increase.
Gambling Landscape in the UK
The United Kingdom is one of the largest and most developed wagering markets in the world. The history of this particular industry also began with horse racing, which has been popular for three centuries! Thanks to effective regulatory bodies and modern technologies, UK gambling platforms attract players from all over the world.
Regulatory Bodies & Market Size
Gambling is a part of the UK culture, and since 2005, there has been a special Gambling Commission as the main regulator. In 2020, there were officially 24 million casino players in the UK, of which 10.5 million played online. At the same time, in 2022, the gambling market in the country was estimated at billions of pounds, which indicates its importance for the country’s economy.
Due to strict regulations, this betting market is one of the safest in the world. A significant difference from New Zealand is that there is a self-exclusion period of 6 months to 5 years. This means that players from the UK can block access to the platforms and not receive any advertising notifications. To ensure responsible gambling, operators are obliged also to offer the possibility of setting betting limits.
Online Casinos & Land-Based Venues
There are many land-based casinos in the UK, but online casinos continue to have a significant advantage due to their accessibility. You can play from your mobile phone just like in New Zealand, and even pay with cryptocurrency. The only difference here is that in 2020, it was found that about 800 thousand people placed bets using credit funds.
Therefore, since April of that year, the government has banned credit card options for gambling transactions. The regulation of British casinos is considered to be one of the most stringent, so there is a much higher quality assurance than in other countries.
As a result, operators have less money to invest in new games and interesting technologies. Nevertheless, users can be sure of regular checks and audits for compliance with security standards.
Concluding Words
A comparison of the online gambling markets of New Zealand and the UK shows little difference, although both countries started with horse betting. Currently, the two countries are experiencing a high growth in the popularity of online casinos and a special interest in cryptocurrency payments.
The regulatory framework in the UK is stricter but, at the same time, safer. However, users here can no longer use credit cards to pay at casinos. New Zealand is not so strict and does not restrict its users in any way. Nevertheless, in case of problems with gambling addiction, it’s possible to contact specialists there, while in the UK, there is a self-restriction function.
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Source Y.R -#Online #Gambling #Trends #Zealand
2024-08-08 12:44:13