Dawn of Casino Age - Viable Japanese Market
Now is the time the deregulation is going to start as far as Casino business
in Japan. It is one of viable solutions for inheriting the current and
producing better mass entertainment, creating add-on tax resources and
job opportunities, and enhancing global tourism. We have to weigh effectiveness
of this policy, deregulating the global betting business as an alternative
to raising consumption taxes.
Casino business model observed in western world, such as in Las Vegas or even in Macau, has become
one of full-fledged industries, or a grown-up social system. This fact seems to be beyond our
understanding, but why? This is due to our folk’s common way of thinking, or saying what you don't
mean depending on the situations. In modern society, gambling is never a shady business nor a
shameful act, but generally accepted social actions or mass entertainment.
In most of the advanced countries in Casino industry, the ways and means have been thought out and
organized for pursuing this specific business. That includes formulating legal standards, administrative
control, and compliance-checking for both of
casino gaming machines/system and facilities to accept the betting business as a social system.
Crucial things are that these have been done and operated by private initiatives; e.g., Gaming Standards
Association formed by casino operators, providers, trade associations, and administrative agencies.
Their outcomes are being made public and shared among all concerned. Any party could reference them
from Web sites for free.
By looking at our mass entertainment industries (such as arcade gaming and Pachinko-Slot), they have
developed their own unique gaming contents and gadgets by making the best use of the then latest
technologies. So far they have enjoyed brisk market, and it seems to be certain that they could survive
even in the current economic downturn.
Big concerns, if any, would be what are going to happen once the casino era has come here, and what we
consider now to cope with the very beginning of historical turnaround.
In the coming Casino Age, for the existing domestic entertainment industries to survive and enjoy further
growth, one of the pressing needs is to get full understanding of the facts that we are surely late comers
among them - mostly due to overall lack in the knowledge about global de facto standards and the trend in
casino systems as well as underlying technologies.