Japan’s “IR Implementation Act” To Come Into Effect Next Week

The Japanese Government has announced that the provisions of the Act on Promotion of Development of Specified Complex Tourist Facilities Areas, also known as the IR Implementation Act, will come into effect from July 19.

The Act, originally passed into law in July 2018, outlines basic requirements for Japan’s IR and casino operations as well as measures against problem gaming.

With the act in force, operators who are licensed by the Japan Casino Regulatory Commission will not be charged with criminal gambling if they allow betting. It also includes a clause that domestic customers will be limited to three visits in seven days or 10 visits in 28 days.

From October 2021 to April 2022, the Government will accept IR development applications from local governments, and then approve IRs in a maximum of three locations in Japan. Currently, four areas are openly promoting IR projects: Osaka city/prefecture, Yokohama city, Nagasaki’s Sasebo city and Wakayama prefecture.

(Photo: pixabay)

bitcoin
Bitcoin (BTC) $ 39,938.00 0.49%
ethereum
Ethereum (ETH) $ 2,298.11 1.33%
tether
Tether (USDT) $ 1.00 0.31%
binance-coin
Binance Coin (BNB) $ 313.87 0.63%
cardano
Cardano (ADA) $ 1.28 1.25%
xrp
XRP (XRP) $ 0.709633 9.54%
usd-coin
USD Coin (USDC) $ 1.00 0.12%
dogecoin
Dogecoin (DOGE) $ 0.207486 0.38%
polkadot
Polkadot (DOT) $ 14.50 0.40%
binance-usd
Binance USD (BUSD) $ 1.00 0.10%
S&P 500  ^GSPC 
$4,400.64  $0.8200  (-0.02%)
Dow Jones Industrial Average  ^DJI 
$34,930.93  $127.59  (-0.36%)
NASDAQ Composite  ^IXIC 
$14,762.58  $102.01  (0.70%)
Russell 2000  ^RUT 
$2,224.96  $33.12  (1.51%)
Crude Oil Sep 21  F*CL.NYM 
$72.46  $0.0700  (0.10%)
   
$0.0000  $0.0000  (0.00%)