Reports NEW ZEALAND MARKET


it will cut into their market and online operators would not have the same responsibility to problem gamblers whilst the PGF (Problem Gambling Foundation) is also campaigning against SkyCity’s plans.


A law change for the online market in New Zealand would also mark the end of TAB and Lotto’s monopoly on the sports betting and lottery markets. Offshore sports betting sites currently have the advantage over TAB of being able to offer a wider range of sports, bet options and promotions.


Although SkyCity wouldn’t be interested in sports betting it is thought Australian and British


P120 NEWSWIRE / INTERACTIVE / MARKET DATA


betting giants could be, especially with the Messara Report recommending the sale of TAB to offshore interests.


SkyCity Chief Executive Graeme Stephens said in the company’s annual report: “SkyCity is developing an online gaming strategy as a logical extension of our landbased casino operations. Online delivery of goods and services is increasingly the norm across many industries and ours is no exception.


“It is currently permissible for offshore based online casinos to offer gaming to New Zealand customers and we are currently losing business to these off-shore based operators. In response


we are advancing a partnership based strategy that would enable us to start operating in this space from offshore.


“It seems reasonable to anticipate that at some point in the future online gaming will be regulated within New Zealand and we also need to be ready to participate in that opportunity should it arise.


“We are extremely respectful of the good relationship that we have built with the New Zealand regulatory bodies and are mindful of that relationship in any initiative we might pursue in the online space.”


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