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New licences still offer opportunities. But as taxes rise and regulatory settlements prove less durable than ever, gambling’s next growth story may need more than another flag on the map.
The operator secured one of 15 application rights following a competitive auction.
The group expects its cost programme and asset sales to support improved financial performance.
Problem-gambling levy receipts reached NZ$26.0m as the Ministry of Health reported the first year of expenditure under its current three-year harm strategy.
The approval extends BMM's existing testing services into New Zealand's emerging online casino market.
The warning from the Problem Gambling Foundation comes as New Zealand prepares to license online casino operators.
The transaction is targeted for settlement in mid-December 2026.
The purchase also carries a 33% interest in Dunedin Casino, extending the Australian operator's first New Zealand investment to a second venue.
11 entities have secured the right to apply for New Zealand’s 15 available online casino licences after an auction that attracted 32 bidders.
The operator will pay NZ$15m per licence before the regulated market opens next year.
