Best Pokie Apps Available in New Zealand

Kiwis fourth biggest punters in the world

Kiwis fourth biggest punters in the world

NEW Zealand’s opposition Labour Party in year 2104 called for tighter controls on pokies following a survey that shows Kiwis are the world’s fourth biggest gamblers per capita.

According to then Internal affairs spokesman Trevor Mallard the government’s deal with SkyCity for a convention centre in exchange for more pokies in its casino will make the situation even worse. “It’s a disgrace that New Zealand is number four in the world for gambling, according to the analysis in The Economist,(see below the graph representation of the gambling scenario around the world).

Trevor suggested for tighter rules and greater controls on pokies. This survey by UK consultancy H2 Gambling Capital puts New Zealand gambling losses at about $US500 ($A573) per resident.

Australia has the biggest gambling losses on a per capita basis, at over $US1000 ($A1,146), with Singapore and Finland second and third respectively.

Gambling stats in New Zealand

The global gambling industry gathered in London in 2014 for the annual ICE gaming conference. It should be a happy affair, with gross winnings (total take minus payouts, excluding expenses) of around $440 billion in 2013.  Then the industry’s biggest expo was held in London in 2017 where exhibitors in over 3,000 stands advertise the latest products designed to part punters from their cash, ranging from gaming apps to pokies machines and virtual-reality games. As in other businesses, firms that were quick to embrace new technology have reaped rewards: online gaming is the industry’s fastest-growing sector, and accounted for 11% of the $385bn of gambling profits posted in 2016. But unlike companies that sell less controversial services, courting government regulators appears to be just as important as luring bettors for the bottom line.

Australians gamble (and lose) more than anyone else on a per-person basis, according to H2 Gambling Capital (H2GC), a British consultancy. The biggest chunk of this is spent on video poker machines, though tighter regulation in recent years has seen the country fall to sixth place in absolute terms. In Singapore casino gambling is favoured while Finns seem to prefer interactive gaming. (Macau does not feature in the rankings because its gambling revenue comes almost completely from tourists, largely from mainland China). America remains the world’s biggest market, but its global share has fallen from nearly a third to a quarter in the past decade. This is partly because of a ban on most interactive gambling (sports betting and other games played on mobile phones, computers or interactive TV). Over the same period, China has risen from the tenth-biggest market to the second-largest, with losses of $76 billion. Simon Holliday of H2GC expects China to become the world’s biggest market by 2020.

In New Zealand the estimated social cost of problem gambling in New Zealand, while significant to the families involved, is just 1-2% of the social cost of alcohol, tobacco and other drugs. The figure below shows the estimated social costs of harmful use of tobacco, alcohol, other drugs and gambling.

New Zealand Gambling problem

Contrary to statements made by the Problem Gambling Foundation (PGF), there is no evidence available that suggests that problem gamblers in New Zealand account for 40% of all gambling expenditure. There is currently no New Zealand data available to support this claim. The 40% figure used by PGF has come from a 2010 Australian Productivity Commission report. The Australian gambling environment is very different from New Zealand, with the density of gaming machines more than double, and the gambling spend per capita nearly double. Consequently, the New Zealand percentage of gambling expenditure by problem gamblers is likely to be far lower than in Australia. A 2011 research paper Gambling away perspective review of the evidence justifying electronic gaming regulations was critical of the Productivity Commission report and suggested the spending by problem gamblers was in fact between 10% and 20% .

A reduction of around 4,000 machines across the country since 2007 has had almost no impact on the small percentage of problem gamblers nationally.

Gaming Machines in NZ

Online gambling in New Zealand

Imposing restrictions on gaming machines and venues may actually drive gamblers away from the controlled environment of gaming lounges, to the uncontrolled environment of online gambling. Not only is there no help available for online gamblers, but the money gambled does not return approximately a third to the community, a third to government, and a third to gaming operators, as is currently the case. Online gambling is growing at a rapid rate. In the United Kingdom about the same proportion of gamblers play pokies  machines online as those who play in person. Unfortunately the NZ Health Survey does not cover online gambling, but can probably assume the numbers are not too different from the UK.

Click here to know more about the current status of gambling in New Zealand.

Read more: http://www.3news.co.nz/Survey-Kiwis-fourth-biggest-punters-in-the-world/tabid/423/articleID/330943/Default.aspx#ixzz2sJBWo1Uy