🔥 MGM Resorts' Chances for a Casino License in Japan Just Got a Major Boost | The Motley Fool

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The Casino Management Committee had originally been expected to be announced in July, only for its establishment to be delayed, with the Japanese government yet to explain why it was pushed back. Japan aims to establish casino regulator by January Subscribe To Our Newsletters.{/INSERTKEYS}{/PARAGRAPH} Google Tag Manager. {PARAGRAPH}{INSERTKEYS}The Committee will incorporate financial supervision, regulatory supervision, planning, research and general affairs divisions. It will be granted responsibility for handling the licence applications for the three integrated resorts, then for enforcing regulations and monitoring the market, including anti-money laundering duties. Following its formation, the final set of regulations are likely to be published, with some media sources reporting that this could also take place in January Skip to main content. A number of sites, such as Tokyo, Yokohama and Osaka, are all likely to be in contention to host a facility. Following that consultation, which ended on 3 October, the government is working on developing the final regulatory framework, which will include elements such as the criteria for selecting the sites for the resorts. Under the regulations approved in March then published as part of a consultation in September, integrated resort operators will have to require a casino business licence to construct their gambling hall, then a casino facility service licence to operate this venue.