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NZ Green Party wants gambling site shut down

26 Feb 2007

NEW ZEALAND – As reported by the New Zealand Stuff: "The Green Party wants a new online gambling site shut down and says it threatens the viability of the racing industry.

"MP Sue Bradford said today the site, Race-O New Zealand, might be illegal because the Gambling Act passed three years ago outlawed online gambling within New Zealand.

"It also made betting on horses illegal unless bets were laid with the TAB, she said.

"…The betting site, whose original investors included leading breeder Sir Patrick Hogan and former top trainer Dave O'Sullivan, is being investigated by the Department of Internal Affairs.

"Berri Schroder, a part-owner of Melbourne Cup winner Brew, is a Race-O (NZ) director.

"Race-O is registered in Costa Rica in central America and its betting licence has been secured from the autonomous Indian territory of Kahnawake in Canada.

"Ms Bradford said sites like Race-O New Zealand could threaten the racing industry because the TAB monopoly guaranteed that gambling profits were returned to the industry 'in a reasonably accountable manner'. "Racing seems already to be in such a state of decline that it is reduced, shamefully, to taking the proceeds of pokie money to bulk out major stakes," she said…"

 
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