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DIA secures NZ$11.5m repayment commitments from New Zealand gambling societies
By SectorWire desk ·
Summary
New Zealand's DIA secured commitments to return NZ$11.5m to community organisations following investigations into class 4 gambling societies on 14 September. It suspended One Foundation's licence for six days over accounting failures and refusal to surrender a venue licence. The investigation continues, alongside new financial guidance for operators.
Why it matters
Gambling societies face continuing investigations and new financial guidance following commitments to return community funds and a licence suspension.