December 27, 2019

Japan Allocates Budget For Its Casino Management Commission

Japan Allocates Budget For Its Casino Management Commission

Japan is going to push through with its plans to host three casinos in the first phase. The government has already announced that it has formed a Casino Management Commission, which handles the licensing and other processes related to integrated resorts in the country.

According to a GGRAsia report, the national government of Japan has allocated a total of JPY 6.4 billion (USD $58.4 million) to establish its casino management commission.

The Committee is to be set up in fiscal 2019. It will be operational and start monitoring the casino development process by 2020.

According to reports, the cabinet office has allocated a budget of JPY 2.6 billion for establishing the casino management commission for the fiscal year of 2019. For the fiscal year 2020, the government has set aside a budget of JPY 3.8 billion. This is to help in the operations of the newly formed gambling authority.

In early November this year, Japan approved the members of the casino management commission. The new committee is expect to officially start working from January 7, 2020.

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