By Euro Weekly News Media • 24 July 2020 • 12:30
Different jurisdictions have distinct rules that govern the lottery field. There are countries where gambling is illegal, and yet others have stringent laws gambling operators must adhere to.
Some states, however, have lenient and have created a favourable environment for lottery business to thrive. The gambling rules and regulations in Europe and New Zealand are distinguishable in various aspects. Keep reading to discover how the two regions differ in terms of gambling laws.
The countries in Europe are under European Union (EU). The union sets different rules for various sectors. However, although states are obligated to follow the laws of the block, still individual nations are free to set their own rules that govern multiple fields. In Europe, each country has its own rules that govern the gambling industry.
The gambling industry in the EU is governed by the European Gaming and Betting Association (EGBA). The association was set in 2007 to execute various mandates, including the creation of a fair, regulated, and competitive environment for the lottery industry.
EGBA works closely with national bodies and other partners to ensure that the online gaming environment is well-governed and thriving.
Different countries in Europe have distinguishable laws that govern online betting in their jurisdictions. For instance:
Betting in New Zealand is prohibited unless it is approved by authorities who typically apply the Gambling Act of 2003. However, more and more new casinos appear in New Zealand, specific forms of betting that are not allowed in New Zealand include online betting, and banned prizes, marketing overseas gambling.
Although there are still some possible ways for gambling in New Zealand to evolve, some documents have organized this industry a little bit. The Lottery Act in New Zealand classifies betting into four categories; class 1 to 4. Each class has specific maximum rewards, turnover, and the kind of operator. The classes are listed and explained below:
When you compare the betting regulatory environment between Europe and New Zealand, the former is much far better. The gambling regulations in most of the European countries are favourable to the operator. In New Zealand, an operator may be overwhelmed by the strict laws that may make them close business.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing email@example.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.