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ECONOMY

Casino control commission to be launched next summer

  • September 13, 2018
  • , Nikkei , p. 4
  • JMH Translation

The government has outlined a “casino control commission,” which will be set up in the summer of 2019 to examine the eligibility of operators of integrated resort facilities, including casinos. It will be staffed by about 100 personnel and take charge of investigating the financial and crime background of operators to prevent gangsters and other anti-society forces from entering the business. It will be also tasked with forestalling money laundering and other illegal activities.

 

The commission will comprise of a chairman and four committee members, who must be endorsed by the Diet, and 95 administrative personnel. The Cabinet Office has requested about 6 billion yen in a budget draft for fiscal 2019.

 

The commission will first draw “ordinances” and “regulations” detailing the layout of an application form for opening casinos, types of games to be played at casinos and the lending of betting money by casino operators. The layout of application form will be modeled after what is used in the U.S. state of Nevada.

 

A “research office” within the commission will examine the eligibility of IR operators and slot machine manufacturers based on applications submitted. The office will be staffed by about 10 to 20 inspectors, who will be tasked with examining the financial and crime records of applicants and their families and bank accounts they have overseas.

 

The commission will also have a “financial surveillance division,” which will examine whether a certain percentage of revenue generated from casinos is returned to society. The IR implementation law requires casino operators to pay 30% of casino revenue to the state coffers and prefectural governments. (Abridged)

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