Insight
NEW ZEALAND Interview
Mike Knell, Chief Executive of New Zealand Community Trust (NZCT)
Mike Knell is the Chief Executive of New Zealand Community Trust (NZCT), the largest gaming trust society which operates EGMs across New Zealand. NZCT is the largest funder of amateur sports participation in New Zealand.
Established in 1998, NZCT is New Zealand's largest gaming trust with 16 per cent of market share. NZCT has offices in Auckland, Wellington and Christchurch, as well as staff located in Taranaki, Hawke's Bay and Bay of Plenty.
NZCT pioneered the development of Regional Advisory Committees whose members advise us on the distribution of gaming funds in their communities. These committees are made up of highly respected leaders who add local insight and knowledge to our grants decision- making.
NZCT: A model citizen in the New Zealand gaming industry
In the 12 months to 30 September 2018, NZCT approved $44.6 million in grant funding to sporting, local government and community groups nationwide over 3,500 applications. Our trustees have determined that at least 80 per cent of the funds we distribute are directed towards amateur sports activities.
G3 interviews with Mike Knell, Chief Executive of New Zealand Community Trust (NZCT), the largest gaming trust society which operates EGMs across New Zealand
Can you provide some background about NZCT?
Established in 1998, New Zealand Community Trust (NZCT) is New Zealand’s largest gaming trust (Corporate Society) with a 16 per cent market share. We have 1,800 EGMs in 140 venues across New Zealand from Snells Beach just north of Auckland to Bluff in the far south.
NZCT is governed by a board of five independent, professional trustees. Tey have very high obligations and standards for their fiduciary responsibilities to the organisation. We have a lean management structure with qualified professionals, which also includes our own in-house call centre, to manage the day-to-day operations of the trust. Our staff numbers around 40 people.
We were established to fundraise for amateur sport and other worthy charitable community groups.
P126 NEWSWIRE / INTERACTIVE / MARKET DATA
Gaming machines were introduced to New Zealand to compensate for the loss of sports funding from tobacco sponsorship due to the country’s smoke-free stance in the late 1990s.
While sport is our primary focus, we also provide funds for charitable purposes, such as rescue and life- saving services, education, health, the arts, and cultural and community groups.
Can you explain the distribution of the grants system and NZCT’s input?
In the 12 months to 30 September 2018, NZCT approved $44.6 million in grant funding to sporting, local government and community groups nationwide over 3,500 applications. Our trustees have determined that at least 80 per cent of the funds we distribute are directed towards amateur sports activities.
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