Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been years in the making, but Japan spurred on by the promise associated with 2020 Tokyo Summer Olympic Games appears to be finally building a push that is real legalizing land gaming into the area nation. Information 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 early 2014 passage, Jesus willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Even though that happens on schedule, however, it could take another two years for the legislators to drum up a more in-depth overview that is regulatory which in turn would at long last open the road towards bonafide legal casinos to start being built. The goal, of course, being to own everything up and ready to roll over time for those tourists that are all-important manage to drop some chunks of change if they come to Japan for those summer games.
As we’ve been ad that is seeing of late, corruption, crime and gambling seem to often rest 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 within their casino regulations. These generally include producing an independent gambling regulator that would in turn oversee the license application process, because well as making it mandatory for any licensees to really have a decade’s worth minimum of their tax, banking and credit info on almost all their top-level executives readily available for review. . . .