Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been decades in the making, but Japan spurred on by the promise regarding the 2020 Tokyo Summer Olympic Games appears to be finally making a push that is real legalizing land gaming into the island country. News reports from Reuters state a draft that is solid of gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before 12 months’s end for early 2014 passage, God willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Even if that happens on routine, however, it might take another two years for the legislators to drum up a more in-depth regulatory overview, which in turn would at long last open the road towards bonafide legal gambling enterprises to start being built. The objective, of course, being to possess everything up and ready to move over time for those all-important tourists to have the ability to drop some chunks of modification once they come to Japan for those summer games.
As we have been ad that is seeing of late, corruption, crime and gambling appear to often sleep within 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 include creating an independent gambling regulator who would in turn oversee the license application process, because well as making it mandatory for any licensees to enjoy a decade’s worth minimum of their tax, banking and credit info on each of their top-level executives designed for review. Continue reading