Japan has confirmed the dates for the launch of its Casino Management Commission which is tasked with monitoring and supervising the licensing process and various other aspects of the country’s prospective casino resorts.
Japan’s Casino Management Commission (CMC)will operate under Japan’s Cabinet Office appointed by Japanese Prime Minister.
The commission will have five members and each will serve a term of five years.
In the first phase, Japan is to have three integrated resorts. While there are several gambling operators and developers in the race for a casino license in Japan, several cities are also competing to host a casino in the country.
Currently, there are eight areas planning to host a casino which includes Hokkaido, the city of Chiba, Tokyo, Yokohama, Nagoya, a combined effort by Osaka Prefecture and the city of Osaka, Wakayama Prefecture and Nagasaki Prefecture.
Japan’s casino market is expected to be the third-largest only after Macau and Nevada. According to a recent report from Sanford Bernstein, the Japanese casino market will generate $8 billion in gross gaming revenues annually.
While the industry is looking forward to the casino gambling industry in Japan, many Japanese are not in favor of the liberalization of the casino gambling industry.
A Jiji opinion survey has found that about 60 percent of the Japanese are not in favor of the casino gambling industry and that their major concern is public security.
The majority of people believe that allowing casinos in the country would pose a threat to public security.
The survey found that 57.9 pct of the participants disagreed with the plan, while only 26.6 pct agreed with it.
62.8 percent said they would back the establishment of such a facility in their local areas, while 29.0 pct said they would not.