Casino licenses-Casino Astoria goes through the basics

To ensure a serious and safe gaming environment with controlled frameworks and rules, every online casino that intends to conduct a serious business must apply to have a gaming license issued. A gaming license guarantees customers an online casino that complies with the laws and regulations of the country in which the license is issued. In addition, the company is under constant control and monitoring that these rules continue to be complied with.

This means that you as a customer can feel safe giving out your personal information and your payment details when playing at a licensed online casino.

Gambling license in the EU

At present, it works so that all New Zealand casinos have a gaming license in a country other than New Zealand. Gambling licenses issued in the UK, Malta and Gibraltar are common. It is also crucial for you as a player as the country's license can determine whether you need to tax for your winnings or not. In general, if the gaming license and the casino are based in the EU or EEA country, you do not need to account for profit in the tax return.

As a New Zealand player, you should stick to online casinos that are licensed in an EU or EEA country as the laws and regulations in overseas countries may differ significantly from the licensing rules in the EU.

New Zealand gaming licenses

In New Zealand, there is a monopoly on the gambling market where state Svenska Spel holding the threads. The New Zealand gambling market has been regulated since 1844 with the legislation on lotteries that then came into force. There are currently no gambling licenses in New Zealand for New Zealand online casinos.

Now the New Zealand Parliament and government are opening up to New Zealand licenses through a new bill that eliminates the New Zealand gambling monopoly and allows private, unregulated players through a new licensing system. New Zealand gaming licenses ensure that only licensed gaming companies are allowed to market themselves and their game offerings to the public.

Changes that await

The licensing system will be introduced starting on the first of January 2019. In this way, it is hoped that there will be self-regulation in the market, where unscrupulous players are discouraged. The new law criminalizes unlicensed gambling and makes the penalties more severe than at present.

They also want to work together with the New Zealand license-holding companies to jointly counter unhealthy gambling and want to strengthen and expand the work against gambling addiction. There are already many serious online casinos that are actively working with at the moment. The new law also proposes that all licensed companies should join the Sper (gaming companies ' ethical Council).

With the new law comes some changes for the players as the market becomes freer and players can be offered more choices. Some of the potential changes that the new New Zealand licensing system can bring are, among other things, that players ' Security increases when the market is regulated, rogue online casinos are knocked out and competition becomes more fair when the conditions are equal for all gaming companies.

The gambling companies will hopefully push more money to preventive work against gambling addiction. Furthermore, players at online casinos can probably also look forward to a wider and even more qualitative game selection. Last NZ gambling industry will generate positive effects through more jobs in New Zealand and a little more money into the state treasury when gambling companies start taxing their profits in New Zealand.