Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been years in the making, but Japan spurred on by the promise of this 2020 Tokyo Summer Olympic Games appears to be finally building a push that is real legalizing land gaming in the area nation. Information 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 year’s end for early 2014 passage, God willin’ and the crick don’t rise.
Baby Procedures Towards Legalization At Last
Even if that happens on schedule, however, it could 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 casinos to start being built. The goal, of course, being to own everything up and ready to move in time for those all-important tourists to have the ability to drop some chunks of change if they come to Japan for those summer games.
As we have been seeing advertising nauseum of late, corruption, crime and gambling appear to often sleep in the 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 producing an independent gambling regulator who would in change oversee the license application procedure, because well as making it mandatory for any licensees to have a decade’s worth minimum of their tax, banking and credit informative data on almost all their top-level executives available for review. Continue reading