Casino Gambling Coming to Japan In The Near Future

17 September 2013 – By Cristian Dragomir

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Japan is one of the few developed countries in the world that has still not legalized online casino gambling. But the news that the legalization of land based gambling may come to this country in the near future has brought optimism to online casino operators. The regulation would mean an important step and amazing progress for the industry as it would open up the stage for online gambling in the future. In the past there have been small attempts at legalizing online gambling in Japan as the efforts to legalize the activity have been in the works for almost 10 years. Analyst of the online gambling market believe the efforts are set to become concrete over the next two years and they are being boosted by success stories of the new gambling laws in the United States.

The process of legalization has been started and if the legislation is passed, Japan could become the second largest land gambling market in the world. According to lawmakers, the gambling bill could become a reality in the next few months. The policy plan states that with proper regulation and enforcement of the law, is should not be easy for anyone to get a license and participate in the casino industry. The hurdles to enter the business should be set high because there is absolutely no reason for casinos to become places of criminal activity.

Lawmakers are aware the process of regulating online casino and land-based gambling is going to take a few years. Before this year ends the bill will be presented and will be up for consideration and approval in 2014. Online casino operators will then have to wait for two years because the government has to implement all the political requirements for such an important change. Big names of the casino industry, including MGM Resorts International, Las Vegas Sands Corp, Melco Crown Entertainment, and Wynn Resorts, have expressed serious interest in entering the market in Japan once it opens. Authorities in Japan also believe that online and land-based casino gambling could help promote tourism, encourage business, create jobs and boost local development.

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