Despite the corruption scandals mauling lawmakers, Japan government has started laying the foundation of the casino gaming market.
On Tuesday, Japan’s national government announced the establishment of an independent body that will have the mandate of licensing and regulating the sector. Among the members selected to lead the commission include a former public prosecutor, a former chief of the national tax agency, a professor of energy science, former Tokyo head of police, and a psychiatrist.
Defining Future Casino Market
GGRAsia says that the commission will first define rules and regulations for casino operations, and then they will also clarify Japan’s regulatory framework for the future casino market. The commission will play an essential role in determining the proposal that will be awarded the first three licenses. The commission will also have the power to issue penalties, revoke permits in case of a violation.
Corruption Threatening Casino Idea
On Christmas day, Tsukasa Akimoto, a key lawmaker who spearheaded the liberalization of casino in the country, was arrested with allegations of corruption. According to Casino.org, Akimoto accepted favorable treatment from Chinese gaming operator 500.com. The company is said to have an interest in building an integrated resort in Hokkaido prefecture.
Five more politicians have been accused of receiving bribes, including a defense minister. In Japan, lawmakers are forbidden from receiving money or donations from foreign companies or individuals. The scandals are setbacks to the government as it sought to sell the idea of casinos and its economic benefit to its doubtful populace.