curious Posted June 28 Share Posted June 28 33 minutes ago, NZRacing said: Thats a worry - NZ having such a high % of casinio action from Entains online sites. Entain_Strategic_Report_2023.pdf (entaingroup.com) A worry for who? Quote Link to comment Share on other sites More sharing options...
NZRacing Posted June 28 Share Posted June 28 14 minutes ago, curious said: A worry for who? Obviously the NZ Racing Industry. If Entain is getting that much action from NZ on their online casinos sites it has to be a huge amount of money going offshore to a lot of other online sites. Younger people get attracted to the online casino sites because its a lot easier to push a button to bet on the slots than coming to grips with how to work out race form. Often I will be in a dairy or gas station and young people come in to purchase a paysafe voucher which is then used to load their online casino accounts. I think online NZ casino slot playing is way higher than what people think. 2 Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted June 28 Share Posted June 28 16 minutes ago, NZRacing said: its a lot easier to push a button to bet on the slots than coming to grips with how to work out race form. yip, I've been parroting this for decades... a bit like pissing into the wind... Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 28 Author Share Posted June 28 28 minutes ago, NZRacing said: Obviously the NZ Racing Industry. If Entain is getting that much action from NZ on their online casinos sites it has to be a huge amount of money going offshore to a lot of other online sites. Younger people get attracted to the online casino sites because its a lot easier to push a button to bet on the slots than coming to grips with how to work out race form. Often I will be in a dairy or gas station and young people come in to purchase a paysafe voucher which is then used to load their online casino accounts. I think online NZ casino slot playing is way higher than what people think. Maybe that's one way Entain is paying for Stakes. 1 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted June 29 Share Posted June 29 45 minutes ago, NZRacing said: Obviously the NZ Racing Industry. If Entain is getting that much action from NZ on their online casinos sites it has to be a huge amount of money going offshore to a lot of other online sites. Younger people get attracted to the online casino sites because its a lot easier to push a button to bet on the slots than coming to grips with how to work out race form. Often I will be in a dairy or gas station and young people come in to purchase a paysafe voucher which is then used to load their online casino accounts. I think online NZ casino slot playing is way higher than what people think. So will geo blocking make it impossible to play online? I think the idea is to ban all gambling on overseas sites, only Lotto and TAB. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted June 29 Share Posted June 29 18 minutes ago, mikeynz said: So will geo blocking make it impossible to play online? I think the idea is to ban all gambling on overseas sites, only Lotto and TAB. Hardly going to bring in Geo Blocking…. How will overseas punters punt on Entain casino? Can’t have it both ways Quote Link to comment Share on other sites More sharing options...
curious Posted June 29 Share Posted June 29 15 minutes ago, Newmarket said: Hardly going to bring in Geo Blocking…. How will overseas punters punt on Entain casino? Can’t have it both ways They can do that from their own juridictions can't they? Quote Link to comment Share on other sites More sharing options...
Newmarket Posted June 29 Share Posted June 29 8 hours ago, curious said: They can do that from their own juridictions can't they? Will never go ahead. If they stop nz punters gambling overseas, why not stop those buying online? Where will it stop Quote Link to comment Share on other sites More sharing options...
Newmarket Posted June 30 Share Posted June 30 This will be interesting…. Probably reason some Aus operators closing NZ accounts Quote Link to comment Share on other sites More sharing options...
mikeynz Posted June 30 Share Posted June 30 2 hours ago, Newmarket said: This will be interesting…. Probably reason some Aus operators closing NZ accounts How would one police that? Quote Link to comment Share on other sites More sharing options...
curious Posted June 30 Share Posted June 30 17 minutes ago, mikeynz said: How would one police that? Same way the IRD does for GST. It's old news. https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2024/2024-sp-offshore-gambling-duty/special-report---offshore-gambling-duty.pdf?modified=20240403222415&modified=20240403222415 Quote Link to comment Share on other sites More sharing options...
curious Posted June 30 Share Posted June 30 (edited) It does not apply to offshore gambling operators to the extent that they provide wagering options for ‘sports and racing’ to New Zealand residents. The profits generated from such services will continue to be subject to ‘point of consumption charges’ of 10% (which are payable in addition to GST and product fees). So, essentially no difference as far as race betting with off shore operators is concerned. Edited June 30 by curious Quote Link to comment Share on other sites More sharing options...
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