New Zealand
5 articles tagged "New Zealand".
New Zealand opens EOI phase for 15 online casino licences with strict capital and probity criteria
New Zealand has opened expressions of interest for 15 online casino licences, requiring NZ$7.5m in capital and a NZ$19,000 fee by 14 August 2026, with a three-stage process leading to licence issuance in early 2027. The regime prioritises probity, harm minimisation, and a tight cap on operators, including a reinterpretation allowing TAB NZ to apply.
New Zealand Opens EOI Phase for Online Casino Licences with Stringent Background Checks
New Zealand has launched the EOI phase for online casino licences, requiring extensive background checks and a minimum capital of NZ$7.5m. Up to 15 licences will be issued, with strict enforcement powers including NZ$5m fines for illegal advertising.
SkyCity's Auckland Property Deal Reaches Unconditional Status
SkyCity Entertainment Group's NZ$74.5m sale of its Auckland commercial property portfolio to Mainland Capital and Russell Property Group has become unconditional, with settlement set for September 2026, as the company advances its debt-reduction and governance reforms.
New Zealand kicks off licensing race with EOI call for 15 online casino permits
New Zealand has opened expressions of interest for 15 online casino licences under the Online Casino Gambling Act 2026, with a NZ$19,000 application fee and a NZ$7.5m capital requirement. The process includes an auction in September, with full licensing from October and enforcement against unlicensed operators starting December 2026.
Entain Confirms 500 Job Cuts as UK Tax Hikes Bite
Entain is cutting 500 jobs (2% of workforce) to reduce costs and counter the impact of UK online gambling tax increases expected to add £200 million annually, while separately progressing a €425 million phased exit from its CEE operations.