The Impact Of Legal Gambling In Japan
The University of Las Vegas has released two research reports aimed at the Japanese gambling market. The country has only recently legalised gambling and the University wanted to investigate the potential impact of this move on the country, both socially and economically.
The first report looks at what are called Integrated Resorts, where a casino would be included in a tourism sector, usually as an expansion on an existing resort. The second report focuses on the role of organised crime on the gaming industry.
Japan has seen a long history of local organised crime being involved with gambling. Since it was illegal in the country for so long, organised crime easily capitalised on people’s love of gambling and created a lot of wealth for themselves by offering secret underground gambling clubs.
The University of Las Vegas used the state of Nevada and its gambling laws as a comparison model for their research. They highlighted the use of pre-licensing checks and after licensing enforcement to ensure compliance. The industry could potentially be very vulnerable due to the influence and pervasiveness of the Yakuza’s organised crime structures.
The Findings Of The Papers
The reports outline how proper regulations can ensure healthy international and local investment in this young industry. While the regulatory frameworks still need to be ironed out and voted into law in Japan, these two research papers give a great groundwork to start with.
The first report is titled “Socio-Economic Impacts of Japanese Integrated Resorts” and the second is titled “Practical Perspectives on Gambling Regulatory Processes for Study by Japan: Eliminating Organised Crime in Nevada Casinos”.
Considering Problem Gambling
Japan is also seriously looking at the pervasiveness of gambling addiction in the country ahead of the legislation on gambling. As in many countries across the world, the public and experts all differ on what can be constituted as gambling addiction. That said a recent study showed that about 700 000 people consider themselves addicted to gambling while 3.2 million people claim to have had some kind of problem gambling incident in their lifetime.
While Western style casino gambling has been illegal in the country, sports betting on horse and motorsports along with lottery games are legal. Most popular of all is of course Pachinko parlours which essentially use a legal loophole to legally operate. While the gambling debate is ongoing in the country, legislation still needs to catch up as it is estimated that the first Integrated Resorts would only be operational by 2020.
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