Tom Waterhouse used his Ausbiz segment to compare New Zealand’s move to legalise online casinos with Australia’s ongoing offshore leakage, framing both as variations of the same underlying issue. He argued that New Zealand’s challenge will be less about regulation and more about whether a domestic product can compete with established offshore operators. In contrast, he noted that Australia continues to lose turnover offshore despite mature regulation, mainly due to stronger pricing and fewer restrictions outside the regulated market, reinforcing his broader point that competitiveness matters more than legality in determining where wagering activity ultimately sits.

Watch the full interview: