A new law and set of rules for integrated casino resorts are coming into force in Japan, which is an important step in regulating the gambling industry in the country. According to official information, July 19, 2021 was a significant day when the new law on casino resorts officially came into force. This regulation and related rules were developed by the Japanese regulator and describe detailed regulations for the operation of gambling establishments and resorts in specially designated areas.
Recall that the draft law was submitted for public discussion, which was successfully completed in the first ten days of May 2021. Since the end of the discussion, a number of improvements have been made, and now the law is ready for implementation. The most important aspect of the new law is the licensing procedure for gambling establishments. All casino operators and shareholders will now be subject to careful verification and control by regulatory authorities. In addition, special attention is paid to data security: now not only operators and shareholders, but also casino staff and customers will be checked. This important innovation is aimed at ensuring a high degree of security and transparency in the industry.
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One of the key components of the law is the standards and scale of gambling houses. The document specifies clear criteria that casinos must meet, including minimum sizes, infrastructure requirements and operating conditions. The law also sets out schemes for calculating gross gaming revenue (GGR), which will be used to assess the performance of casino operators. This will help establish transparent financial relations between all industry participants and ensure stability in the long term.
An equally important step is the development and opening of integrated casino resorts in Japan. In this context, it is worth noting that at the end of April 2021, the Japanese authorities began discussing the possibility of legalizing sports betting in the country. This can significantly affect the development of the market and attract foreign investors, as well as give impetus to further reforms in the field of gambling.
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Particular attention was also drawn to the situation in Yokohama, where the application process for the construction and opening of the first integrated casino resort under the new program was completed in mid-June 2021. This event is significant, as it opens up prospects for tourism and economic growth in the region, and also contributes to the development of the gambling industry in Japan.
Thus, the new Integrated Casino Resort Law represents a significant milestone in the development of the Japanese gambling industry. It not only regulates casinos, but also lays the foundation for the creation of attractive tourist attractions that can attract international players to the market. In the coming years, Japan will become an important hub for gambling enthusiasts, with the potential for further expansion of the industry. Stay informed about casino mergers, acquisitions, and expansions – read gambling industry reports. Find more on our site.
