Casino gambling was recently legalised in Japan ending 15 years of political deliberation. The economic benefits of this decision won out over concerns of increased incidence of gambling addiction and organised crime.
A recent law passed by Japanese parliament made casino gambling legal, after 15 years of debate on the topic. Support for the bill comes from the ability of casinos to stimulate the economy and encourage tourism. It is estimated that as few as 3 casinos could earn Japan nearly $10 billion in annual profits. The first casinos are not expected to be operational until 2022 at the earliest.
Despite the economic benefits of such a decision, a recent poll found that only 12% of Japanese citizens supported the decision, citing concerns regarding the addictive potential of casino gambling and possible negative impact on local neighbourhoods.
Further legislation is still pending to address the problems of gambling addiction, organized crime and money laundering that go hand in hand with casino gambling.
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