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 building a push that is real legalizing land gaming into the island country. News reports from Reuters say a solid draft of a gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for very early 2014 passage, God willin’ and the crick don’t rise.
Baby Steps Towards Legalization At Last
Even though that occurs on routine, however, it might 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 gambling enterprises 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 manage to drop some chunks of change 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 sleep into 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. Included in these are creating a gambling that is independent that would in change oversee the license application process, as well as making it mandatory for any licensees to enjoy a decade’s worth minimum of their tax, banking and credit informative data on all their top-level executives designed for review. Continue reading “”