Japan officially inaugurates Casino Management Board regulator

Home » Japan officially inaugurates Casino Management Board regulator

In Japan and the government of Prime Minister Shinzo Abe has reportedly officially established the Casino Management Board to serve as the supervisory authority for the nation’s coming trio of integrated casino resorts.

According to a report from Inside Asian Gaming, the five-member body is to act as the authorized regulator for the Asian nation’s nascent casino market and will additionally be tasked with formulating a range of measures designed to counter gambling addictions and money laundering.

Extensive experience:

Inside Asian Gaming reported that the Casino Management Board will moreover be responsible for granting any licenses necessary to conduct casino gambling and is being led in the role of Chairman by the former Legal Compliance Inspector General for Japan’s Ministry of Defense, 67-year-old Michio Kitamura. He is being assisted by a past head of the Nagoya Regional Taxation Bureau branch of the county’s National Tax Agency, Hiroyuki Ujikane, alongside Keio University professor Noriko Endo, respected psychiatrist Michiko Watari and the former Superintendent General for the Tokyo Metropolitan Police Department, Tateshi Higuchi.

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Original opportunity:

Although most gambling is currently illegal in Japan, the coalition government of Abe passed legislation in July of 2018 that is to see the nation of some 126 million people offer up a trio of casino licenses. In order to be selected as a host for one of these coming facilities, which are locally known as integrated casino resorts, candidate communities are being required to partner with an experienced foreign operator before submitting their final plans to a panel of federal selectors before the end of a July 30, 2021, deadline.

All-embracing authority:

Every member of the Casino Management Board has been appointed to serve a five-year term with the body now set to hold its first meeting on Friday. Due to be independent of the Cabinet Office, the regulator is to purportedly utilize the assistance of approximately 100 civil servants to conduct a wide variety of associated background, probity and security checks on all parties connected with any of the country’s coming casinos.

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Shinzo AbeCabinet Officeintegrated casino resortcasino management boardmichio kitamurahiroyuki ujikanemichiko watarinoriko endotateshi higuchi

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