Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been decades in the making, but Japan spurred on by the promise of this 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 solid draft of a 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 occurs 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 prepared to roll over time for those all-important tourists to be able to drop some chunks of change once they come to Japan for those summer games.
As we’ve been seeing advertising nauseum of late, corruption, crime and gambling seem 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 within their casino regulations. These generally include producing a gambling that is independent who would in turn oversee the license application process, since well as making it mandatory for any licensees to enjoy a decade’s worth the least their tax, banking and credit information on each of their top-level executives designed for review. (more…)