Legalized Online Gambling In Japan A Possibility – 02-14-09
February 14, 2009 · Print This Article
February 14 – The current state of the law in Japan outlaws most forms of land based gambling and all forms of online gambling.
Japan is one of few first world countries with no land casinos. All forms of gambling is controlled by the state which is limited to horse racing and the lottery.
Now lawmakers are reported to realize that there is a tax revenue opportunity going to waste.
Land based casino operators have long had an interest in Japan. The opportunity can not be underestimated. Japan has the biggest GDP in Asia and with a population of 128 million is offers a huge opportunity to them and likewise to online gambling operators.
According to news sources, the Japanese Liberal Democratic Party has commenced talks with some large land based as well as online gambling operators.
Macau and Singapore have successfully boosted tax revenues through legalized online and land based gambling. Japan is experiencing an ongoing recession and a declining tourist industry so there is little surprise that they are looking to boost their tax coffers.
The legal process is slow but it seems as if there is a favorable mood towards new forms of legalized gambling in Japan. T