Japan to establish casino Management committee effective next year

Yesterday, it was announced that Japan has strategies to make an oversight body for their new casino market. Set to be referred to as the casino management committee, the group would be successful starting on July 1^st and have 95 staff members.

Covering Casino Regulation:

The new group could be an external bureau of the Cabinet Office and also be in charge of regulating the casino market. The group wouldn’t be covering the day to day casino operations oversight, but instead, be in charge of licensing control, background checks and probity. The genuine operational side of the new industry is not expected to take shape for a couple more years.

Based on GGRAsia…

Information on the casino government was supplied during the national government’s initial submission of the funding covering the 2019 year. When discussing the new committee, a funding of JPY6 billion or $53.7 million was cited. It is unclear as to this is a cost that will occur as a result of the setup of the group or whether it would be the price for yearly operations.

Integrated Resorts (IR) Implementation Bill:

Before this month, the Governor for Osaka Prefecture suggested the central government work to speed up the licensing process for its projected integrated casino resorts by allowing candidate divisions to be designated as proposed certification areas.

The largest gambling operators in the world are already showing interest in the region, hoping to be thought to run one of the three accessible IRs. The Las Vegas Sands Corporation, Melco Resorts and Entertainment Limited in Addition to NagaCorp Limited have all shown interest.