Asia
Japanese ruling party okays bill proposal
Japan’s the ruling coalition of the Liberal Democratic Party and Komeito Party is gearing up for an overhaul of the gambling legislation in the country. The 30% tax proposal the other day was a beginning. The government is now planning to introduce further measures.
Apart from setting a 30 per cent tax for casino operations, the government has also proposed a ceiling of three for the maximum number of legal venues under a company. In the latest move, members of agreed upon establishing casino entry fees of JPY6000 (US$57), the local press reports.
According to this week’s announcements, the highly-anticipated casinos would be able to be located in three different cities and the current legislation could be reviewed after the first seven years of legal casino operations in Japan. “The advance coordination of the ruling coalition on these matters makes it far more likely that the IR Implementation Bill will be passed in the current Diet session, scheduled to end on June 20,” explained the Japanese media.
The Integrated Resorts (IR) Implementation Bill is yet to be approved, but the Japanese government continues to look into the different requirements for operators and gamblers. The latest proposition involves demanding that companies report on customers who exchanged chips and cash worth €7700 (¥1 million) or more as part of anti-money laundering measures. An official poll revealed that 65.1 per cent of Japanese voters claimed to be against casino developments in the country, with only 26.6 per cent of residents voting in favour of the measure.
-
Africa6 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News3 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Asia7 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Latest News3 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia5 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports6 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Australia7 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Interviews6 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions