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Guide to Gambling Laws in New Zealand

Currently, New Zealand’s gambling market is thriving. In a country with a population of over 4.4 million people, New Zealand’s gambling market is worth billions of dollars. Playing casino games and electronic gaming machines are incredibly popular activities and, as such, they are heavily regulated by the government to ensure that players do not develop unhealthy gambling habits or fall victim to the dangers that lurk in unregulated markets.

All forms of gambling in New Zealand are regulated under either the Racing Act 2003 or the Gambling Act 2003. The racing act covers racing and sports betting Matka while the Gambling Act covers casino games and poker. Gambling is only legal if it is regulated by either act or if it is private gambling, which includes games played at home or as part of social events. Private gambling is also legal if all players’ stakes and buy-ins are paid out as winnings.

There are four types of gambling in New Zealand. Class 1 and Class 2 gambling do not require operators to hold gambling licenses while Classes 3 and 4 do. Class 1 includes small-scale sweepstakes and fundraising, which means that the total prize pool cannot exceed more than $500. Class 3 gambling includes larger-scale fundraising, where the total prize pool exceeds $5000 and there is no limit on the amount of stakes.

Class 4 gambling has the most complex laws, as these rules regulate non-casino poker machines and other forms of ‘high-risk’ gambling. With Class 4 gambling games, there is a $2.50 limit on each play. These games cannot pay out more than $500 for a single play or more than $1000 for a single play on a progressive jackpot game.

The areas in which Class 4 gambling takes place are also highly regulated. Class 4 games can be carried out in a wide range of venues, but there are still many places in which they are illegal. These include supermarkets, offices, homes, fairs, internet cafés and museums. In areas where Class 4 gambling is permitted, automatic bank teller machines are not permitted. Operators of these venues must also provide patrons with information about problem gambling.

These regulations do not apply to games like online roulette, online poker or online slots. In New Zealand, online gambling activities have yet to be regulated by the government, so players must exercise caution when playing at online casinos. However, the governments of Australia and New Zealand are currently examining existing online gambling laws, so it is likely that regulation of that market will occur in the near future.

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Casino Expansion

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on 토토사이트 experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

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Nine Must-Have Android Apps

It’s an eternal bliss to have your phone loaded with all the coolest applications; especially when they are absolutely FREE. As for Android, there weren’t many apps available in 2008 when the big brother G1 hit the market, but the recent growth of Android family has greatly amplified the number of applications as well. So here, we’re going to talk about my pick of those nine must-have Android apps, which almost everyone looks for. All for FREE!

GOOGLE EARTH

Being a Google OS, Android offers Google Earth to all Android devices, which have Android OS 2.1 or newer. By visiting m.google.com/earth from your phone, you can download Google Earth and enjoy its great features like 3D imagery, Local search, My Location, Voice Searching, Multi-touch, and Layers. It’s so far the fastest version offered on any mobile.

WEATHER CHANNEL

A good weather app always rescues you from unpredictable weather mishaps. Although many weather apps are offered in the Android market like WeatherBug, and USA Today, but personally I’m team “Weather Channel”. It helps you get fast yet accurate weather updates, customizable maps, video forecasts, pollen conditions, and severe weather alerts.

OPERA MINI

Opera Mini is the only browser smart enough to work for any mobile operating system. As a Windows apkzoom Mobile user, I love Opera Mini. As a reviewer, I recommend it for Android as well. Opera Mini 5.1 for Android works in 92 different languages. After the beta testing and updates, it has improved enormously not only in looks but speed as well. It shrink pages up to 90% before loading, which increases the pace of browsing. You can also set Opera Mini as a default browser for your ease.

SEESMIC

For the love of Twitter, I present you Seesmic for Android. It helps you staying updated with all the tweets, on the go. With its capability of managing multiple accounts at one place, you really don’t need to log in and out all the time. Very handy, and very sleek.

SLACKER RADIO

Slacker Radio is widely known for its large music collection – both contemporary and classic – with 100+ expert-programmed stations. You can stream any of your favorite music directly on your device at no cost. Although, many additional features are provided on Slack Radio Plus (which costs $4.99/month), but the free version can keep you gratified as well. Take my word on that!

 

 

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Is the Paul Birdsall Internet Millionaire Streamline Funnel For Real?

According to Paul Birdsall, the Holy Grail of lead generation to get prospects for your business has arrived. There have been many claims by gurus to achieve this but now the unlimited streamline funnel may have the answer.

I am a great fan of automated systems, however, many that I have tried in the past have fallen far short of expectations. The Streamline Funnel claims to be able to produce 10,000 unique leads for every subscriber. I find this a little hard to believe because there is a business opportunity attached as an affiliate program. As you can imagine this will produce hundreds if not hundreds of thousands of affiliates all looking for their 10,000 unique prospects at the flick of a switch to promote and sell to. This I see as a fundamental flaw clickfunnels stripe coupon in delivering on the promise of 10,000 unique leads whenever you want them. I’m sure you can see the dilemma.

I think the Streamline Funnel software will spread like wildfire across the Internet if for no other reason than the sales copy and the concept is very persuasive. After all, who wouldn’t want a piece of software that could give you unlimited unique leads at the click of your mouse?

Paul tells us that once we have the software in our possession there is No need to bother with expensive Pay per Click, No need to bother with Solo Ads or Lead Blasting programs and No more need to buy leads from any other source. I must say, if this is the case then the ordinary guy / girl has struck gold. However, I don’t see how that will be achieved without it being a ‘scatter gun’ spammy type approach which goes against my better marketing strategy judgement. However, Paul does say that the leads you will get are all ‘Double Opt Ins’ so it will be impressive if he can achieve that.

On the subject of double opt in…. I notice that he is using a trick that is slightly misleading to get you to opt in twice. Unlike the conventional way of doing it where you opt in at a website then get a confirmation email to click the link Paul does it the other way round. First you receive what I consider to be a spam email. The opt in form is in the body of the email. So, you fill that out and it takes you to a website to fill out the same form all over again. This is just an annoying trick to make you fill out the form twice… hardly double opt in. So I would say your leads are actually single opt in.

Paul also talks a lot about Web 2.0 being out of date and the old school stuff being obsolete. Well, I beg to differ on that point. I’m generating thousands of leads every week using conventional techniques that I can teach anyone to do. As in most things, getting back to basics often produces predictable and profitable results. The problem is the novices are always jumping on to the next best thing. Traffic generation takes some effort. In my book you have two choices. You either work for your traffic or you pay for it but I don’t see how $9.95 is going to do that.

Anyway, the jury is out on this one so I guess we’ll have to wait and see. I will do a further review once I have managed to test the software thoroughly and analysed the quality and conversion ratios. I’m not saying this isn’t a fantastic piece of software, it may well be. I’m just a little sceptical right now.