New Zealand could have a billion-dollar gaming sector

A new report shows that New Zealand could have a billion-dollar industry by 2024 under an industry development plan.

New Zealand.- New Zealand could become a massive role in the online gaming industry in the upcoming years. A new report shows that by 2024, New Zealand could have a billion-dollar worth industry if it follows an industry development plan.

As revealed by the New Zealand Game Developers Association in a press statement, the introduction of a plan that focuses on investing in allowing interactive media to access existing screen industry programs would create hundreds of new jobs.

The Minister of Economic Development Hon Phil Twyford launched the Interactive Aotearoa report at Wellington games studio on Monday. It was produced by the New Zealand Game Developers Association with support from NZTech, WeCreate and government agencies. The report looks into the economic, social and educational benefits of interactive media, including games and apps.

Cassandra Gray, chairperson of the New Zealand Game Developers Association. “Our aspirational, yet achievable, goal is to see New Zealand become a billion-dollar exporter of interactive media, sitting alongside our successful film and software sectors. We’ve made a strong start, but our sector is still young and growing.”

The report sets games as the greatest potential creator of new jobs and highlights the rise of eSports. The online gaming sector posted a 39% increase annually for the last six years, the association says. At this growth rate, the industry would be worth one billion in 2024.

New Zealand to ban credit card gambling

Credit card usage for gambling could be restricted in the near future in New Zealand. After casino operator SKYCITY moved its iGaming operation to a platform operated from Malta, the spotlight turned to regulation changes. A spokesman for the Department of Internal Affairs said they’re reviewing the laws around the segment to “ensure that they are okay for purpose.”

He also said the department is looking at ways to minimise harm for gambling, including the credit card ban. The company is reluctant to debate but already announced it would comply with any legislative requirements.