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 creating a real push towards legalizing land gaming in the area country. 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 early 2014 passage, Jesus willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Even though that takes place on schedule, however, it would 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 have everything up and ready to move with time for those all-important tourists to manage 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 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 within their casino regulations. These include producing an independent gambling regulator that would in turn oversee the license application procedure, as well as making it mandatory for any licensees to truly have a decade’s worth the least their tax, banking and credit info on all their top-level executives designed for review. (suite…)