Regulatory issues for Japan IRs raised

The advisory panel for Japan’s Integrated Resorts (IR) Implementation law has raised the main issues that implementing rules are to address.

GGRAsia reported that the national government also intends to get input from the public through an online forum sometime early next year. The discussions will be the basis for the Japanese Cabinet’s resolutions to guide the industry.

Among the concerns to be further tackled in regulations, is anti-money laundering compliance by casinos, who are yet to be chosen. According to the IR legislation passed last July, a maximum of three large-scale gaming venues are to be constructed, with municipalities to vie for hosting them.

Proposed in the panel meeting last Monday, the first such meeting in six months, was the drafting of a criminal code pertaining specifically to the casino business, which would provide for the conditions in which a casino license could be revoked, as well as penalties for violation of the code.