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Monday, February 10th, 2020

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been years in the making, but Japan spurred on by the promise regarding the 2020 Tokyo Summer Olympic Games appears to be finally building a real push towards legalizing land gaming into the island nation. Information reports from Reuters say a solid draft of a gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for early 2014 passage, Jesus willin’ and the crick don’t rise.

Baby Procedures Towards Legalization At Last

Even if that occurs on routine, however, it might take another two years for the legislators to drum up a more in-depth regulatory overview, which often would at long last open the road towards bonafide legal gambling enterprises to start being built. The goal, of course, being to possess everything up and ready to roll with time for those tourists that are all-important have the ability to drop some chunks of change once they come to Japan for those summer games.
As we’ve been seeing ad nauseum of late, corruption, crime and gambling appear to often sleep into the exact same sleep together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards in their casino regulations. These generally include producing an independent gambling regulator who does in change oversee the license application procedure, as well as making it mandatory for any licensees to really have a decade’s worth minimum of their tax, banking and credit home elevators all their top-level executives available for review. (more…)