Risks and Opportunities of Gambling as Sports funding

Risks and opportunities, and the weight of each have been a hot topic in New Zealand for a while. The conversation really started to pick up traction, when the Deputy Secretary of Internal Affairs, Keith Manch made a speech about this exact topic in June of 2008.

The tone of the conversation thus far has indicated that the community at large, is aware of the benefits of gambling companies as sponsors, but, would like the industry more regulated, so that the benefits largely outweigh the risks. It is felt that those who receive the grants have a role that is as important as the companies like Cabaret Club online casino, who give out the donations.

It is essential to understand that the grants that are given to sports organizations, are crucial, and relied upon; a source of funding for teams, in different sports, and at different levels. A large part of this generous funding comes from the gambling industry; approximately $1 billion over the last 10 years, as a matter of fact.

With that said, the majority of the community, and stakeholders, involved in the ongoing conversation, are not looking to remove gambling providers, companies, or those affiliated with the industry, from the roster of grant providers, but instead, are merely looking for regulation, and other ways to enhance, and increase, accountability, transparency, and the level of responsibility.

A lot of the funding comes from individual clubs, who have invested in, or partnered in, the operation of pokies or machines, whereby the proceeds go into their pockets, but there is also the other end of the spectrum, whereby grants are given out in the form of ‘no strings attached’ funding.

Overall, the conversation will continue, and each stakeholder group’s interest is taken into consideration, to work towards a sports and gambling partnership, whereby both groups work in harmony, in a way that is mutually beneficial.