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Submissions are open on the Racing Amendment Bill
Submissions are open on the Racing Amendment Bill
The Primary Production Committee is seeking submissions
on the Racing Amendment Bill, which seeks to amend the
Racing Act 2003. The bill aims to:
· make the
New Zealand Racing Board’s betting operations more
competitive
· charge offshore betting operators
for using New Zealand racing and sporting information and
for bets on racing or sporting events originating in New
Zealand
· provide for regulations to revise the
formula used for allocating proceeds from sports betting
between the racing and sporting sectors
· allow
the Racing Board to offer in-race betting
·
permit betting on sports that do not have a qualifying
national sporting organisation by allowing the Racing Board
to enter into betting agreements with Sport and Recreation
New Zealand.
The amendments are based on the recommendations made by the Offshore Racing and Sports Betting Working Group. The Group, which the Minister for Racing established in 2015, reviewed offshore gambling and its effect on the Racing Board’s income.
Tell the
Primary Production Committee what you think
Send your submission on the bill by
midnight on Wednesday 13 December 2017.
For more details
about the bill:
• Read the full content of the bill
•
Get more details about the bill
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