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"You couldn't have a second rate offering online and hope to attract business. The second hurdle is a legal one. A law change would be needed to allow an onshore-based company like Sky City to set up an online casino. "It's not regulated in New Zealand. Therefore there's no opportunity to create a business in New Zealand today," Stephens said. "Everyone that's offering product in New Zealand is doing so from offshore." "A huge sensitivity for us is to make sure that we are ever compliant in New Zealand. We have got massive investment in bricks and mortar here, we don't want to trip ourselves up in any way." "We certainly aren't going to do anything aggressive in this space that would offend our regulator here." Sky City had not been lobbying the Government to change the Gambling Act to give it a level playing field to compete with online casino operators based overseas,. But Stephens had this message for Parliament: "It's going to happen regardless, so you might as well regulate it because then you get the benefits of harm minimisation and taxes," he said. The Problem Gambling Foundation would like a review of the Gambling Act too, but would oppose allowing onshore companies to launch online casinos.
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