Tag Archives: New Zealand Racing Board
New Zealand intros online betting point of consumption legislation
August 2, 2017New Zealand has made good on its vow to require international online gambling operators to pay betting information fees and point of consumption taxes on wagers taken from Kiwi punters. On Wednesday, newly appointed Racing Minister David Bennett (pictured) introduced the Racing Amendment Bill into Parliament. The Bill (viewable here)...
New Zealand Racing Board approved to deliver new fixed odds betting platform with OpenBet and Paddy Power Betfair May 15, 2017The New Zealand Racing Board is pleased to announce that it has approved the selection of OpenBet (OB, a NYX Gaming Group company) and Paddy Power Betfair (PPBF) to deliver the technology solution and supporting data for its Fixed Odds Betting (FOB) business. The investment will enhance NZRB’s current fixed...
New Zealand online gambling point of consumption tax looms March 23, 2017New Zealand’s government is pushing ahead with plans to restrict the ability of internationally licensed online gambling operators to offer wagers on local racing events. On Thursday, Racing Minister Nathan Guy (pictured) announced plans to amend the Racing Act 2003 to boost the fortunes of the New Zealand Racing Board,...
New Zealand picks OpenBet, Paddy Power Betfair bet platform December 20, 2016New Zealand’s betting monopoly has teamed with UK/Irish operator Paddy Power Betfair (PPB) and technology provider OpenBet to drag Kiwi betting into the 21st century. On Tuesday, the New Zealand Racing Board (NZRB) announced its intentions to “engage” with Paddy Power Betfair and NYX Gaming Group’s OpenBet sports betting technology...
Tabcorp in talks to handle New Zealand TAB’s fixed-odds betting business June 21, 2016Australian betting operator Tabcorp is holding talks with the New Zealand Racing Board (NZRB) over the future of the NZ TAB’s fixed-odds betting business. On Monday, NZRB spokesperson Kate Gourdie confirmed that the state-owned betting agency was in talks with Tabcorp and two other unnamed companies about “automating” the NZ...
New Zealand seeks 2% turnover tax from international betting operators April 18, 2016New Zealand is pressing ahead with plans to impose a point-of-consumption tax on international online gambling operators that take wagers from Kiwi punters. Late last year, New Zealand Racing Minister Nathan Guy revealed the recommendations of an Offshore Betting Working Group that had been tasked with figuring out ways to...
