In Japan and the newly created regulator for the country’s future casino industry is said to have asked the federal government for additional funds so that it can hire additional staff and oversee licensing more effectively.
According to a report from Inside Asian Gaming, the casino’s management board request comes as communities across the island nation, including Wakayama Prefecture and Nagasaki Prefecture, prepare to submit bids for one of the three. upcoming licenses for integrated casino complexes. Source specified that these 30-year authorizations will allow successful candidates to build and operate Las Vegas-Complete style developments with several hotels, exhibition facilities and large game rooms.
The Casino Directory was inaugurated in January and was reportedly responsible for awarding all three licenses and promulgating protocols to help prevent the proliferation of problem gambling. The organization previously set a budget for 2022 of approximately $ 37.3 million but has now allegedly called for this amount to be increased by around 9% to an amount closer to $ 40.7 million.
Led by a five-member executive, including the former Inspector General of Legal Compliance of the Japanese Ministry of Defense, Michio Kitamura, the Casino Directory would have revealed that it wanted to spend around $ 28.7 million in 2022 on administrative expenses such as personnel, which $ 1.2 million more than its previous budget. The regulator reportedly explained that it also intended to allocate part $ 3.6 million next year to establish and operate a robust information management system that encompass a range of cyber security and casino access measures.
By asking for the extra money and the casino management The board of directors is also said to have indicated that it wished to devote approximately $ 4.2 million next year to improve its ability to properly review offers and scrutinize potential partner operators. The watchdog allegedly claimed he also wanted to be able to spend around $ 2.3 million in 2022 in order to send its staff on a fact-finding mission abroad in addition to $ 1.8 million on expenses related to the examination and certification of manufacturers of casino-related devices.
Although most gambling is currently illegal in Japan, the coalition government of the former prime minister Shinzo abe passed the Resort Implementation Bill in July 2018 to launch a licensing program for a trio of large integrated casino resorts. This same text would have initiated the creation of the Casino Management Board alongside the regulatory supervisory department subordinated to this body, which could now see its workforce increase. to encompass up to 160 full-time inspectors.