By The Weekly Edge desk · · Updated
New Zealand has cleared 11 brands to apply for 15 online gambling licences, SBC News reported. The brands include Entain, SkyCity, Stake and Betway, with Betway receiving the most application rights.
Eleven brands can apply for 15 New Zealand online gambling licences, with Betway holding the most application rights.
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Eleven selected operators can apply for New Zealand’s 15 available online casino licences following the auction.
Betway, Stake, Entain and SkyCity can apply for online casino licences after advancing through New Zealand’s first competitive stage.
Operators holding application rights must still complete regulatory assessment before they can receive a licence to operate in New Zealand.
SkyCity, Entain and Stake can advance to online casino licence applications in New Zealand.
Flutter expects its scale to support market share gains, while the tax increase adds £500m in expected costs from next year.
Entain’s additional licence conditions require board oversight of improvements and an independent compliance audit within 12 months.