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Japan Looks to Curb Its Pachinko Problem. As the Japanese Diet prepares a framework of regulation that may pave the means for the country’s first casinos

Japan Looks to Curb Its Pachinko Problem. As the Japanese Diet prepares a framework of regulation that may pave the means for the country’s first casinos politicians are also turning their attention to an existing gambling scene long too neglected by regulators.

Japan pachinko parlors mainly escape strict regulatory controls because they are legally classed as ‚amusements.‘ That could be about to change as the federal government paves the way in which for its new destination casino resorts. (Image: flickr)

The united states’s colorful, noisy pachinko parlors line the roads of virtually every town and city in Japan.

Technically, these hybrids that are pinball-slot the fringes of legality but are accepted simply because they do not shell out money directly.

Instead, players trade captured balls for prizes, or for tokens that can be exchanged for cash somewhere else.

Pachinko is therefore legally classified as an ‚amusement,‘ such as a attraction that is fairground which means the sector has largely escaped regulation applied to Japan’s other gambling pastimes, such as gambling on horse, boat, bike and motorcycle racing.

Japan Market Does $209 Billion in 2015

The pachinko market has actually been shrinking over the last few years but it remains huge. Japanese spent $209 billion at pachinko parlors in 2015. That’s about 4 percent of the united states’s GDP.

A 2014 study discovered that 5.36 million Japanese, or 4.8 percent of the adult populace, may be problem or gamblers th Weiterlesen