Regional Gambling Sector Forum The Regulators “Vision and Medium Term Objectives” For Class 4
THE NZ GAMBLING FRAMEWORK BENEFITS STRONG CONSUMER PROTECTION TRUSTED & REPUTABLE OPERATORS
The C4 sector Over 10 years since the Gambling Act came into effect The sector is mature: three quarters of our operators have been operating for more than 5 years About two-thirds of current societies returned above 40% in 2013 and 2014
The C4 sector Mature sector: Venue transfers have halved since 2011 GMP has stabilised last 3 years to around $800M-$830M/Year, even though venues & EGMs have declined Costs across the sector are stable
Costs / EGM 2014 GMAS
$ Cost for each $ Distributed 2014 GMAS $ Cost $ Distributed Societies
Venue Costs % - 2014 GMAS % Venue Costs Societies
Vision We regulate for: A safe, transparent & trusted gambling sector that benefits communities Where the sector: Actively protects gamblers & communities from gambling harm Is respected by the public, is transparent & works with the regulator Maximises gambling returns to benefit community need
Regulator’s medium term objectives To fulfil our vision we will Establish licensing as an effective gateway to the gambling sector Promote and recognise best practice in the gambling sector Support grant making that meets community needs Foster collaboration and partnership with and across the gambling sector Deliver consistent regulatory actions and robust regulatory decisions Strike the right balance between minimising gambling harm, ensuring sustainable funding for communities, and sector sustainability
Achieve Objectives Objective 4 Foster collaboration and partnership with and across the gambling sector “Strategic partnership is the cooperative development of successful, long term, strategic relationships based on mutual trust …and benefits for all partners.” Tony Lendrum, The Strategic Partnering Handbook
Partnering with the Sector What we have been doing already Game rules Venue payments Gamble Host Packs Strategic Engagement with Boards
Partnering Discussion What does partnering with DIA and across the sector mean to you? What areas do you think we should partner in to provide mutual benefit? What are the priority areas?
A safe, transparent and trusted gambling sector that benefits communities