Wednesday, 13 December 2017
Public submissions are now being called for Racing Amendment Bill
The closing date for submissions is Wednesday, 13 December 2017
The main aims of the Bill are to amend the Racing Act 2003 (the Act) to
- improve the competitiveness of the New Zealand Racing Board’s (the Board) betting operations;
- require offshore betting operators to pay to use New Zealand racing and sporting information in their betting products (an information use charge); pay when they take bets on racing or sporting events (or both) where those bets originate in New Zealand (a consumption charge); and
- provide for regulations to be made to revise the formula that is used for allocating proceeds from sports betting between the racing and sports sectors.