Japan’s ruling Liberal Democratic Party and its coalition partner Komeito are currently crafting the Integrated Resort Implementation Bill, an important piece of legislation which includes the detail design of casino regulations and responsible gambling measures to be implemented once the nation’s first integrated resorts with a gaming floor open doors.
Sources said Friday that any fraudulent means used by casino operators to obtain a license would be penalized with heavy fines and prison time under the latest set of regulations discussed by the Japanese government.
Interested companies will be able to apply for a license for the operation of a casino within a larger integrated resort. The license will be valid for three years.
Companies and company executives will need to ensure that any piece of information provided by them during the application process is accurate. In addition, applicants will have to prove that no members of their management teams are in any way linked to criminal organizations and gangs.
The introduction of the new set of fines comes as part of the Japanese government’s efforts to prevent criminal organizations from participating in the country’s nascent casino gaming industry. The new measures are also being rolled out shortly after lawmakers introduced a series of measures for the socially responsible provision of gambling services within the nation’s casino resorts.
Source: GMB / Casino News Daily