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Increased returns to community from new gambling regulations

Increased returns to community from new gambling regulations


New regulations requiring gaming machine societies to increase the minimum they return to the community from Class 4 gaming machine (‘pokie’) takings come into effect on 4 eptember 2014, Internal Affairs Minister Peter Dunne announced today.

“The Gambling (Class 4 Net Proceeds) Amendment Regulations 2014 will increase the inimum rate of return from 37.12 per cent of gross proceeds to 42 per cent over five years, beginning in the first financial year after the regulations come into effect”, says Mr Dunne.

In the first financial year, the minimum rate of return will increase to 40 per cent of gross proceeds. In the third financial year after the regulations come into force, the minimum rate will increase to 41 per cent, and finally in the fifth year, it will increase to 42 per cent.

“Other reforms I outlined in May are subject to legislation currently before Parliament. These include new regulations that will require societies to return a minimum percentage of gaming machine proceeds in the same regional council area in which they were generated.

“These changes mean more of the proceeds derived from gaming machines, or ‘pokies’, will come back to the community to help fund a wide range of activities such as sports clubs, community events and community cultural and recreational facilities, activities and infrastructure that benefits everybody”, says Mr Dunne.

ends

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Election Day: Make Sure You're A Part Of It!

Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years.

“The people and parties we elect tomorrow will be making the decisions that affect us, our families and our communities,” says Robert Peden, Chief Electoral Officer. “It doesn’t get much more important than that, and we need all New Zealanders to use their voice and vote.”

Voting places will be open from 9.00am until 7.00pm on election day. The busiest time at voting places is usually 9.00am - 11.00am.

“Take your EasyVote card with you when you go to vote, as it will make voting faster and easier, and vote close to home if you can. But don’t worry if you forget your card, or didn’t receive one, because as long as you are enrolled to vote, your voice will be heard,” says Mr Peden. More>>

 

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