Nauru is an island state situated in the central part of the Pacific Ocean, 42 kilometers south of the equator and comprises an independent coral reef island and its territorial waters. The following article focuses on Nauru bookmakers, and covers such aspects as the legal framework related to gambling, allowed and prohibited types of bets, licensing costs, and taxes. We will also show great achievements in the sporting events to help the reader get a clear picture of the Sports Betting in Nauru.
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Table of Contents
Summary of Key Events
Nauru Bookmakers Betting Laws
The history of the various laws that have been enacted with regard to gambling in Nauru has led to the development of the current situation. Here’s a chronological overview of significant legal milestones:
- 1968: The Sporting Pools Act was passed into law.
- 1970: The Street Betting Act was passed and enacted.
- 2008: It was after the Bingo Licensing Act was enacted.
- 2011: The most recent law is the Gaming Act under which most of the forms of gambling are governed.
Significant Legislative Enactments
- Street Betting Act 1970: Legal commercial gambling on the streets.
- Sporting Pools Act 1968: Managed pool betting activities.
- Bingo Licensing Act 2008: Brought in the licenses for bingo games.
- Gaming Act 2011: Wide ranging legislation that regulates all sorts of gambling such as casinos and sports betting.
Nauru Gambling Regulator
The Gambling Act of 2011 positions key regulatory authorities responsible for overseeing gambling activities:
- Secretary for Gaming Licenses: Is in charge of matters concerning the provision of gaming licenses.
- Nauruan Government: It is mainly concerned with compliance and enforcement through agencies that are specifically appointed.
- Bookmakers: Permitted and Not Permitted Bets
Nauru permits several forms of gambling under regulated conditions:
Allowed Bets:
- Bingo
- Sports Betting
- Gambling devices (i. e. , slot machines, video poker)
- Table Games
- Lottery
Prohibited Bets:
- Unlicensed Online Casinos
- Unlicensed Sports Betting
- Gambling in any way without the right permit or authorization.
Licensing Fees and Procedures
To operate legally, bookmakers must obtain licenses and pay associated fees:
Application for Gaming License:
- Bingo: Specific fees apply.
- Sports Betting: Charges for this service should be differently coded from the rest of the services in this category.
- Lottery: Terms for the lottery activities.
- Gaming Machines: The charges for the slot and the video poker machines.
- Table Games: Some charges are exigible.
Further, the operators can also seek exemption from the license fees; this is especially applicable for non-profit organizations, and this is subject to the Secretary’s approval.
Taxes on Bookmakers Gambling
Bookmakers in Nauru are subject to gambling taxes:
- Gambling Tax: Compensation in the form of a certain percentage of the revenues that are obtained from the gambling activities.
- Licensing Fees: Fees charged at one time or on regular basis for the purpose of renewal of the license.
Nauru Sports Betting
Sports betting is another specialty of Nauru gambling industry. The subsequent paragraphs will describe the most famous sports and the most important events in detail.
Sporting Event Glory Milestones
Nauruans are known to be a sports-loving nation and they have interest in many types of games. Here are some notable milestones:
- 2002: Gold medal in Arafura Games in the Weightlifting event.
- 2002: Comparing the two teams Australia is ranked eighth in Australian football international cup.
- 2008: National rugby team takes the Oceania Cup
- 2009: Our national volleyball team takes the trophy in the Oceania Volleyball Championship.
- 2014: David Katoatau takes the gold in the Weightlifting in the Commonwealth Games.
Popular Sports in Nauru
- Australian Football: The only football team in Nauru is the “Chiefs” which has competed in the Australian Football International Cup, the Arafura Games, and the Barassi International Youth Tournament.
- Weightlifting: Weightlifting is one of the most successful sports in Nauru and the country has been winning medals at the Commonwealth Games. Marcus Stephen and David Katoatau are famous weightlifters, who made Nauru famous on the international level.
- Rugby Union: Rugby has also done very well especially the national rugby team which has won the Oceania Cup.
- Other Sports: Tennis golf, and swimming are some of the most watched games. The nation also has a developing passion towards volleyball and basketball.
Sports Infrastructure
- Yaren Stadium: A facility that is older with the primary use of hosting local sporting events.
- Meneng Stadium: A new generation sports facility is being developed now and may become the venue for large-scale competitions in the future.
Conclusion
The world of betting in sports and gambling in Nauru has always been a complex combination of legislation, regulation, and modern developments. Despite the fact that the online casinos are not regulated, other forms of gambling including sports betting and bingo are legal and regulated. Those with high net worth who are keen on Nauru sports betting shall be assured of a country that has put its weight behind ensuring that only proper conduct is exhibited in its gambling business.
If one wants to go further into the subject of Nauru’s betting, it is useful to know the legal basis of the country and the accomplishments in sports. At the moment, Nauru is in the process of building up its sports facilities and legal framework regulating sports betting, thus the future of sports betting in the country seems bright.
FAQ of Nauru Bookmakers
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