Japan already have the budget and the tasks for their new body regulator
Last Wednesday, Japan government confirmed the creation of a new body regulator for its nascent casino industry, the casino administration committee will initially have 95 staff and be an external bureau of the Cabinet Office. And is expected to start from July 1 next year.
Among their tasks they will oversee casino regulation, including licensing control, probity and background checks, but will not be involved in day-to-day oversight of casino operations.
The budget for this new authority is US$53.7 million, although it is not clear if that is a one-off expense to set it up or reflected some form of annual running cost.
Its important to highlight that in the first phase of liberalization of this new industry there will be available only 3 licenses.
