Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Offshore betting in Labour’s sights

Ross Robertson
Racing Spokesperson

14 August 2014

Offshore betting in Labour’s sights

A Labour Government will clamp down on offshore gambling websites that deprive the local racing industry of funds, Labour’s Racing spokesperson Ross Robertson says.

Releasing Labour’s racing policy today, he said betting on offshore websites is a major threat to New Zealand’s racing industry.

“It is estimated around $300-$400 million of Kiwi money is placed on overseas sports betting sites that aren’t subject to levies or tax. That not only cuts the TAB’s odds but also starves this country’s racing industry of funds.

“Other countries, including the UK, are implementing legislation that makes clear that a bet placed on a local website should be subject to that jurisdiction’s tax rules.

“A Labour Government will do the same to ensure New Zealand Racing and the TAB are not disadvantaged by overseas bookies and agencies, a move that is expected to increase the Government tax take by around $20 million a year.

“Labour will bring together industry stakeholders, including social service providers, to review wider gambling regulation and develop policy on the use of pokie machines.

“We will also assist in establishing a Code of Practice for the racing industry, which will be agreed on and drawn up by all major stakeholders. It will safeguard the position of the NZ Racing Board to hold the exclusive rights to racing and sports betting in this country and for the net proceeds to be returned to support New Zealand racing.

“While the racing industry makes a significant contribution to New Zealand’s GDP and creates employment and export opportunities, it does face difficulties in remaining sustainable into the future.

“Labour recognises that and will work alongside the sector to support its revitalisation,” Ross Robertson said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Gordon Campbell: On The Children’s Commission Report On CYF

Accusing the overworked and underfunded staff at Child, Youth and Family of a “dump and run culture of neglect” is the kind of luxury that a Children’s Commissioner can afford to indulge in from his own comfy perch in the bureaucracy. More>>

ALSO:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news