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

Japan Looks to Curb Its Pachinko Problem. As the Japanese Diet prepares a framework of regulation that will pave the way for the country’s first casinos politicians are also switching their attention to a gambling that is existing very long too neglected by regulators.

Japan pachinko parlors largely escape strict regulatory controls because they are legally classed as ‘amusements.’ That could be planning to change as the government paves the way for its brand new location casino resorts. (Image: flickr)

The country’s colorful, noisy pachinko parlors line the roads of almost every town and city in Japan.

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

Instead, players trade captured balls for prizes, or for tokens that will be exchanged for cash elsewhere.

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

Japan Market Does $209 Billion in 2015

The pachinko market has really 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 nation’s GDP.

A 2014 research unearthed that 5.36 million Japanese, or 4.8 percent associated with the adult populace, may be problem or gamblers that Continue reading “Japan Looks to Curb Its Pachinko Problem. As the Japanese Diet prepares a framework of regulation that will pave the way for the country’s first casinos”