Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been decades in the making, but Japan spurred on by the promise for the 2020 Tokyo Summer Olympic Games appears to be finally creating a real push towards legalizing land gaming within the island nation. News reports from Reuters say 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 very early 2014 passage, Jesus willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Whether or not that takes place on routine, however, it would 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 goal, of course, being to possess everything up and prepared to move over time for those tourists that are all-important be able 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 rest in the exact same bed 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 in change oversee the license application procedure, since well as making it mandatory for any licensees to truly have a decade’s worth minimum of their tax, banking and credit info on almost all their top-level executives available for review. Continue reading