Spooniker Ltd and AB trot and Gallopp (ATG) get a taste of
Bookmakers holding New Zealand licences issued by the New Zealand gambling authority must comply with the so-called regulatory compliance requirements, which include the latest temporary regulations introduced on the second of July this year, which meant extended responsible gaming measures as a way to adapt The New Zealand digital gaming market during the current global pandemic that swept across the globe in the past year.
Yesterday it was published on the Spelinspektionen's official website that they have fined two New Zealand licensed gaming companies:
- New Zealand AB trot and Canter (ATG).
- Spooniker Ltd (operates Bingo, Maria Casino, high rollers and Unibet).
Both are fined for not being able to comply with the latest gambling responsibility measures which you can read in the next heading below about what they are about. Apparently, therefore, players should have been able to deposit more money than allowed, which means that the two aforementioned bookmakers have not complied with the latest prevailing regulatory compliance requirements.
As a result, according to Chapter 18, paragraph 12, first paragraph of the Gambling Act of 2018:1138, a fine of$1,000,000 is imposed. This is for each week from december 9, 2020 at 08: 00 that there will be an additional$1 million penalty if they do not fix the error in their system before then. ATG has the right to appeal the decision if they so wish.
For Spooniker Ltd, with the support of the same part of the New Zealand Gambling Act, they will be fined$1,000,000 Onor every week that they have not addressed this problem with the players ' ability to deposit more than is allowed under the latest introduced gambling responsibility measures. Spooniker Ltd may also appeal the decision.
The following extended gambling liability measures apply in the interim regulation as a result of the COVID-19 pandemic
What, then, does the expanded gambling responsibility measures introduced in July this year mean? Well, they mean players at New Zealand licensed gaming operators should only be able to deposit a maximum of$ 5000 per week.
This also applies if the player chooses to deposit less one week in order to be able to deposit more the next week – this is not possible. In other words, the player cannot deposit$3,000 Onor the first week to try to deposit$7,000 Onor the next week, for a total of$10,000 Onor in two weeks. This strategy does not work.
Another aspect of the extended liability measures, which may also apply throughout 2021, is the login time, which is limited to a maximum of 12 hours per day – and that for the login to all available New Zealand-licensed gaming sites.