Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Stats don’t disclose loss of funds for community

Gambling stats don’t disclose loss of funds for community

The statistics issued by the Department of Internal Affairs today hide the fact that reductions on non-casino gambling expenditure has a direct impact on the amount of money available for the community, the Chairman of the Charity Gaming Association, the Rt Hon Paul East QC CNZM, said today.

“Between June 2005 and June 2006 $121m less was spent at pubs and clubs. The major portion of this money would have been returned to the community by way of direct grants or by activities funded from government taxes.

“The downturn in revenue for non-casino gaming machines is a direct result of the changes which the government has imposed on the sector this means that many worthwhile organizations miss out on much needed funding. This is particular so in small rural areas where in many cases fundraising through the use of gaming machines has stopped,” concluded Paul East.

The statistics issued by the Department of Internal Affairs today hide the fact that reductions on non-casino gambling expenditure has a direct impact on the amount of money available for the community, the Chairman of the Charity Gaming Association, the Rt Hon Paul East QC CNZM, said today.

“Between June 2005 and June 2006 $121m less was spent at pubs and clubs. The major portion of this money would have been returned to the community by way of direct grants or by activities funded from government taxes.

“The downturn in revenue for non-casino gaming machines is a direct result of the changes which the government has imposed on the sector this means that many worthwhile organizations miss out on much needed funding. This is particular so in small rural areas where in many cases fundraising through the use of gaming machines has stopped,” concluded Paul East.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news