Japanese lawmakers are currently in the process of setting the framework for the regulation of the country’s recently legalized casino industry. The plan for the collection of casino revenue for responsible gambling activities will be included as a provision in the above-mentioned bill.
According to sources familiar with the matter, the money will also be used for the promotion of art and culture and for the enhancement of different welfare measures.
It is also important to note that the municipalities that will be hosting the future casinos will not be the only ones to receive casino revenue contributions. The proposed scheme also involves other areas with high tourism activity.
Sources have pointed out that all casinos that violate the revenue distribution and all other regulations will face tough penalties. Multiple-time violators may even have their licenses for the provision of casino gambling revoked.
The Japanese Diet legalized casinos last December. However, the legislative process was far from over at the time as they needed to design another piece of legislation that would regulate the industry.
Although the Japanese market is technically not open yet, competition for casino licenses is already heating up. Some of the big industry names are setting up offices in the country in search for suitable local partners and in order to keep up with the latest developments in the legislative process.
Although it is yet to be confirmed, it is believed that Japan’s casino market will initially feature two integrated resorts in two metropolitan areas.
Source: GMB / Casino News Daily
