Japan Sets Budget For Its Casino Management Commission

Japan Sets Budget For Its Casino Management Commission

Japan is moving forward with its plans to host three casinos in the first phase. Japan has already announced forming a Casino Management Commission which would monitor the licensing and other processes related to integrated resorts in Japan.

According to a GGRAsia report, Japan’s national government has set apart a total of JPY6.4 billion (US$58.4 million) to set up its casino management commission.

The casino management committee is to be set up in fiscal 2019. It will start functioning and monitoring the casino development process starting in 2020.

It is also reported that for the fiscal year 2019 the cabinet office had allocated a JPY2.6-billion budget for establishing the casino management commission. For the fiscal year 2020, the government has set apart the JPY3.8-billion budget for operating the newly formed gambling authority.

Earlier in November Japan approved the members of the casino management commission. The new committee is set to be officially working from January 7. Michio Kitamura was officially appointed as the first chairman of Japan’s Casino Administration Committee. His appointment was approved by a majority in the country’s upper house.

The former head of the Nagoya Regional Taxation BureauHiroyuki Kane, psychiatrist Michiko Watanabe, Keio University special professor Noriko Endo, and former police chief director Kenji Higuchi have also been nominated along with Kitamura.

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