Japan to set further requirements

The Japanese government may require operators of soon to be regulated casinos to report on €7,700+ transactions.

Japan.- The Integrated Resorts (IR) Implementation Bill is yet to be approved, but the Japanese government continues to look into different requirements to set for operators and gamblers. The latest proposition involves demanding companies report on customers who exchanged chips and cash worth €7,700 (¥1 million) or more as part of anti-money laundering measures.

Operators will be required to record the name, address and date of birth of customers who buy or cash in chips worth that much, as well as the date and time the transactions take place. It is a measure similar to those imposed in Nevada and Singapore, where governments require similar reports.

Komeito had already introduced a proposition to require local residents to pay a €62 fee to enter casinos. Furthermore, biometric technology may also be used to verify that weekly and monthly casino visitation limits are being adhered to.

However, all propositions are still to be debated at the Japanese Congress, but it’s still unclear when that will happen and – according to experts – Japan casinos may not open until 2026.