New Zealand and Australia are popular destinations for online casino and online gambling developers. These two countries present a market full of existing gambling fans, and online companies want to capitalize on the opportunity. Internet gambling has already become quite popular in New Zealand, but few facts are known this particular market, as the activity has yet to be fully regulated.
The Problem Gambling Foundation of New Zealand has delved into the issue, publishing a fact sheet which illustrates the popularity of online gambling in the country. According to the report, 8% to 10% of New Zealand residents take part in some form of online gambling. This includes playing casino games on the internet or via mobile phones. Television gambling is also included in the category.
Very little is known about New Zealand’s online gambling market at the moment, but some studies have revealed a bit of insight. For example, it seems that Maori individuals are more likely to gamble online as 17% of all online gamblers in the country are of that particular descent. Other studies indicate that young males of Asian descent are also likely to participate in online gambling.
The country’s current online gambling live22 laws state that the only companies which are able to offer internet gambling services to residents are those regulated by the government. As it stands, the only two operators allowed to do so are TAB Corp and the New Zealand Lotteries Commission. It is not illegal for residents to take part in online roulette, online slots and other casino games offered by international operators, but those operators could face fines for offering their services in the country.
While New Zealand seems to have very strict guidelines about online gaming, things seem to be changing. For years, TAB Corp was the only company licensed for online gambling in the country, but the government has recently allowed the New Zealand Lotteries Commission to launch its own online gaming website. The New NZ Lotto website allows players to purchase tickets online and play other online casino games, a huge step forward for the New Zealand gambling market.
There is no word yet on whether or not the country will begin licensing foreign operators, but many residents continue to access offshore gambling websites. In an industry worth millions of dollars every year, it may be a wise choice for the New Zealand government to consider regulating all forms of online gambling activities.
It is so far the quickest way by which one can get rich without breaking a sweat.
Gambling can be broken down to the activity of staking money with the speculation of getting much more be it in terms of liquid money or as property. The sweetest part is that you do not have to wait for some time as it is immediate as soon as you wage whatever you have and accept the given conditions of the event.
Gambling comes in a variety of ways but the current prevalent type is that of casinos. Casinos have a variety of gambling revolving around them. They include Blackjack card games, Bingo, poker and many others of which most of them are related to cards. What are the advantages of gambling in the current economy?
• Gambling provides one of the easiest ways through which one can get rich without the consideration of education, background, beliefs, gender and so much more. It has no strings attached as long as the person engaging in is an adult and has the necessary knowledge of what he or she is getting into.
• There is the extra advantage of speculation in gambling. You might literally look at it from the point view of no surety when you put your foot into it, but in contrast, what if it was one of those few lucky days? The sun may shine your way on any particular day and therefore no such skill as gambling is required to determine your fate by the end of the day.
• In a given report; gambling accounted for about $335 billion in 2009, which makes it a vital backbone in international commerce. This means that many people, despite the continued worldwide skepticism, have embraced the trade and many are flying high on such accrued profits.
• It is not all about the money where gambling is concerned. At times it’s about the fun, about that feeling that comes out of participating in such events. Everyone participates in what they enjoy doing best and it also takes place in a social place making it fun, transparent and worth the while.
Casino gambling has taken its toll and its time that people learnt to appreciate the advantages that comes with it. Despite the absurd things that people associate gambling with, people should look at it at least from that brighter side. All in all we have the necessary knowledge with us which should put us at a better position and more so not leave out the fun involved as we take part in any gambling.