Even though Japan is one of the biggest markets for online casinos, almost all forms of gambling are forbidden. In fact, no online casino nor land based casino is operated out of Japan. About 2 years ago, the Japanese government started speculating with some of the biggest casino groups of today?s industry on the hypothesis of opening a market for the online gaming industry.
Japan has a population of an estimated 125 million people from which a very big number spends huge amounts of money on daily basis. The sole goal of the Japanese government is to mainly increase its yearly revenue as well as its tourist count. Lottery, horse racing, motorboat, and motorbike bets are already legal in Japan, however these occupations aren?t significant in revenue. For these reasons, the Liberal Democratic Party of Japan has opened pathways of expression between themselves and the very big world of online gaming corporations.
If Japan looks at their neighbors such as Singapore and Macau, they will see that these 2 saw a very dramatic increase in their revenue after a few casino operators started opening resorts as well as online casinos. Their tourist count skyrocketed which only added very large amounts of money in their bank accounts. The closest operation Japan has that resembles any kind of gambling is the Pachinko Parlours. These parlours grant gamers with the possibility to win small ornaments that they can then redeem in a neighboring building. The reason why casino operators are insisting on Japan is for the simple fact that they have the highest gross domestic product in all of Asia. If you take Japan?s gross domestic product per capita, they exceed the one of USA.
The general consensus to legalize online casinos and land based casinos in Japan is relatively good even though the legislation process is quite slow. The main concerns of the Japanese government are the problems associated with the gaming industry such as mafia crimes and frauds. Another obstacle Japan wishes to avoid that could potentially be very problematic is underage gambling and gambling addiction.
The Japanese government clearly stated that if online casinos and land-based casinos were to be legalized, they would be very strictly controlled. The reason why the world?s major casino groups are putting so much efforts in Japan is because they fit every criteria for a successful industry. The government is responsible, Japan has a very big population, the population is relatively wealthy, and they are always looking for new forms of entertainment. The gaming industry is keeping its fingers crossed that by Japan legalizing online and land-based gaming, it will open the mind of many other countries in legalizing the gaming industry.
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