Japan becomes more friendly towards Gambling

[Ayiranorea]

Japan is one among the country that take into consideration the necessity of the people and make the policies accordingly. Always keep themselves updated and high with technology based growth. In such a way it is the country to support the usage of cryptocurrencies in large scale. Now it has made a much friendly gambling access.

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[maydna]

It could be a way to attract tourists to come to Japan. Perhaps, the government realizes that the gambling industry is one of the big industries contributing taxes in a big amount. So the government can try to increase the tax income that they can get from the gambling industries. Besides that, if Japan allows gambling, many gamblers will visit Japan, and they can enjoy the Japanese culture while also playing gambling in that country.

That way can help the country to have money for recovering from post covid. We hope that their policies will bring fresh air into the gambling industry. But it needs more regulation to control people who will allow to playing gambling because that can attract young tourists or local young people to try to playing gambling.

[Lorence.xD]

It could be a way to attract tourists to come to Japan. Perhaps, the government realizes that the gambling industry is one of the big industries contributing taxes in a big amount. So the government can try to increase the tax income that they can get from the gambling industries. Besides that, if Japan allows gambling, many gamblers will visit Japan, and they can enjoy the Japanese culture while also playing gambling in that country.

That way can help the country to have money for recovering from post covid. We hope that their policies will bring fresh air into the gambling industry. But it needs more regulation to control people who will allow to playing gambling because that can attract young tourists or local young people to try to playing gambling.

If this attracts tourists and since there is no taxation in their winnings, I think that most tourist attraction will raise their prices to accommodate this loss in taxes for gambling. The country already recovered so I think that this is just a long term plan to make Japan a gambling hub like Macau or Hongkong. Pretty strange that they lax their policies when it comes to gambling when most of their citizens suffer from strict regulations like pachinkos not directly paying players with money, instead they give them metal balls to go to an exchange which is a hassle but hey, there will be a reform.

[FinneysTrueVision]

This should be beneficial to their economy. When people are traveling again Japan will be an attractive destination for high rollers who like to gamble at physical casinos. If this has a significant boost then perhaps other countries can learn from this and adapt their policies to be more flexible on gambling.

[Genemind]

There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.

It is to be expected since they aim to attract more foreign gamblers and to gain more taxes from it, they will have to put more effort in their gambling side economy. A lot of people travels to Japan fue to their culture, food and tourist spots, now foreigners can also enjoy gambling there. It will add as a good attraction especially to those who likes travelling and gambling.

[xSkylarx]

~snip

This is beneficial to their government but I think this is not good to their citizens that gambles alot. They will tend to spend more money on gambling since if they win some amounts, they will get the whole amount of their winnings. Casinos will also see an increase on their revenue with this policy.

[Jemzx00]

Japan is one among the country that take into consideration the necessity of the people and make the policies accordingly. Always keep themselves updated and high with technology based growth. In such a way it is the country to support the usage of cryptocurrencies in large scale. Now it has made a much friendly gambling access.

Agreed Japan is one of the countries that prioritize their citizen over others and with this having a gambling friendly access, It will surely attract people from other country that will boost the economy of Japan. I guess Japan will surely innovate some kind of technology about gambling soon.

This should be beneficial to their economy. When people are traveling again Japan will be an attractive destination for high rollers who like to gamble at physical casinos. If this has a significant boost then perhaps other countries can learn from this and adapt their policies to be more flexible on gambling.

It surely will be benificial to Japan's economy. Japan's tourist attraction, technology, Anime, etc,. and now a friendly gambling place will surely attract high rollers from other countries. Economy boost for Japan soon. 🤑🤑

[Fundamentals Of]

There is good and there is bad in this decision by the Japanese governments. In terms of additional revenue to the government, this may be considered good. There is definitely an additional income for them. But on the other hand, the government will also be spending more on social services related to combat possible addiction and other measures to make sure gambling will be adequately moderated. There is always negative consequences with gambling.

They probably already think of it before implementing it, gambling may already happening in Japan though not that big and loud but and seems contralable so they are confident that they will be able to handle it when they allows it legally.

I hope the government has indeed foreseen the effects of it not just on the government side or on the gambler's side but also on the side of Japanese families. This new development regarding gambling may have possible adverse effects on them.

Japan is good in implementing rules and their people is quite disciplined enough, hopefully they will not be exposed in alot oglf gambling problems.

Disciplined and good on some things and somewhat uncontrollable and bad on others. Domestic violence in Japan is high. Women are often subjected to violent husbands and partners. I hope expanding the gambling industry won't exacerbate the situation.

[maydna]

~snip~

If this attracts tourists and since there is no taxation in their winnings, I think that most tourist attraction will raise their prices to accommodate this loss in taxes for gambling. The country already recovered so I think that this is just a long term plan to make Japan a gambling hub like Macau or Hongkong. Pretty strange that they lax their policies when it comes to gambling when most of their citizens suffer from strict regulations like pachinkos not directly paying players with money, instead they give them metal balls to go to an exchange which is a hassle but hey, there will be a reform.

Perhaps, that is what the government will do due to the no taxation in their winnings. But if they win so much money, they will get the taxes, and if the amount is not too high, I am sure they will like it and will still playing gambling. The recovery itself will not be too slow if the government can get the money from the taxes because they can use it to help their people.

I think the Japanese government has their visions related to the current situations, and maybe that could be their way to give room for the gamblers. On another side, the government can get more income from the taxes.

[shoreno]

~snip

This is beneficial to their government but I think this is not good to their citizens that gambles alot. They will tend to spend more money on gambling since if they win some amounts, they will get the whole amount of their winnings. Casinos will also see an increase on their revenue with this policy.

not really beneficial to the government anymore because government cant get tax on small gambler but they can now only get tax on the big players because they are the ones that can exceed in the gambling limit .

 this can still be good to the player that gamble alot because not all players that gamble alot are big players , im a small player but i like to gamble alot too but im not from japan and im not being taxed long time ago . if your from japan and your a small player this policy is optimized for you .

[Janation]

That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

[bryant.coleman]

That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.

[carlisle1]

Japan just did what is right because this will prosper to More attraction from gamblers around the world as if they will continue that Charges may turn gamblers to Play online in which can't be regulate that much.

and also with the situation now Government must act and keep safe the gambling industry or else this wont recover and one big amount of taxes will gone in their barrel.

also they can adjust little by little soon but not this pandemic time when businesses are crawling up just to keep the business alive.

[Ridwan Fauzi]

I guess Japan is trying to make gambling place for gambler who use crypto currency, but it is not. Also, there will be two disadvantage for every gambler who play, one they must spend money to pay the tax when they won, in certain amount and second they will loss money. I mean, they have two responsibilities that can make uncomfortable when playing game. That is my opinion who leave in the country who still ban gambling, I don't know what people though when they are living in the country where gambling is accepted.

[Janation]

That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.

That makes sense.

Still, the idea is to attract tourists which we do agree that Japan would not be that popular since we all know how other countries' land-based casinos are more popular. These Japanese Nationals also might not be attracted by this but still, if a tourist went to visit Mt. Fuji and they wanted to gamble, they might just take this as an additional.

[iamsheikhadil]

That's a really nice news Putting tax on gamblers who win very big amount makes sense but putting taxes on every winning is very counterproductive although intuitively it will make the country richer since it gets more taxes but it really makes majority of the middle class gamblers from foreign countries go away. So, I think this is really a very nice move by the country!

[Sithara007]

I have a feeling that Japan is taking the correct approach in dealing with the gambling sector during the pandemic period. Some of the other countries (such as Argentina) have used the opportunity to spike taxes on casino winnings. Now Japan is going the other way, which I believe is the correct one. Hiking taxes can be counter-productive, by driving the business away from the legal casinos. I am glad that the Japanese politicians are not as retarded as those in Argentina.

[Pamadar]

That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.

More on their side, instead of going out to visit casinos, the government are attracting their citizen to stay.

It's much better doing that, instead of allowing those gamblers to bring out their money, having a competitive casino inside will allow them to stay, free from possibilities of being  infected of this ongoing virus and it will generates good amount of money from the sin taxes.

[Vishnu.Reang]

More on their side, instead of going out to visit casinos, the government are attracting their citizen to stay.

It's much better doing that, instead of allowing those gamblers to bring out their money, having a competitive casino inside will allow them to stay, free from possibilities of being  infected of this ongoing virus and it will generates good amount of money from the sin taxes.

Prohibitions never work with certain sectors such as alcohol, cannabis, gambling, prostitution.etc. And that is the reason why more and more countries around the world are legalizing and regulating these sectors. On the other hand, some of the countries such as India and Pakistan refuse to make them legal, sticking on to their stone age laws. This only help in pushing these sectors underground, in to the hands of criminal gangs.

[kayvie]

This might be the only solution they have seen to maintain or to keep their players inside their country, and also to gather more players. This is a good news for gamblers since they don't have to worry about taxation everytime they play. Japan really made a good solution to have more or for the fast growth of their economic situation.