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Tokyo-based BroadBand Security, Inc. has signed an exclusivity contract with Table Trac, Inc. to integrate the CasinoTrac casino management system (CMS) to the Japanese gaming market.
Japan’s casino legislation and regulation package has finally been legalized, and a number of international casino operators are reportedly fine-tuning bids in hopes of capturing one of the nation’s coveted casino licenses.
Japan’s casino gaming revenues may not exceed $6 billion after taking into account regulations being considered by lawmakers, according to Fitch Ratings.
The day that casinos finally become a reality in Japan is getting closer now that a special task force in the cabinet office is working on the Integrated Resort Implementation Bill (IRIB).
When completed and approved, the Integrated Resort Implementation Bill (IRIB) bill will describe and enact all the provisions needed to initiate the resort development process including a detailed regulatory provision, the number of potential locations, tax system, and so on.
Since the Integrated Resort Promotion Bill was passed late last year in the Japan Diet, a special task force in the Cabinet office has been working on preparations for the legislation’s next phase, the Integrated Resort Implementation Bill.
Can you guess how much the annual gambling revenue is in Japan? It’s an estimated $260 billion; which is astronomically more than the annual total casino revenue of Macau.
According to the Ministry of Health and Welfare, the number of people with a gambling addiction tops 5.3 million, which is 5 percent of the adult population. This is the highest problem gaming rate in the world and this has become a serious social problem.
Hard Rock International – with presence in more than 74 countries – announces the launch of Hard Rock Japan LLC and the appointment of Edward Tracy as chief executive officer of the company's new division.