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New gambling laws in Japan and the legalisation of casinos

Japan's gambling laws have undergone significant changes in recent years. With the passage of the Integrated Resort Development Act and the Integrated Resort Development Act in 2016 and 2018 respectively, the Japanese government has paved the way for the creation of special tourist destinations combining casinos, hotels, conference halls and more. But these changes have not affected Qyto in any way, particularly the casino site https://qyto.com/ja/casino/bitcasino-io/, where online casinos can be played safely and comfortably for cash and bitcoin.

The new legislation allows three casinos to open in Japan as a way of boosting revenue for the local economy. It is estimated that around 300,000 Japanese tourists visit Macau each year, where they leave around $70 million. In the future, these funds will be able to stay in Japan.

The rules for foreigners and Japanese residents will be different. So, Japanese visiting the casino will have to pay an entrance fee of about 6000 yen; moreover they will be allowed to play no more than three times a week. There will also be a 15% tax on casino profits and slot machines will occupy no more than 3% of the total casino floor.

The first licenses will be issued in 2020 and the first casinos will be built by 2025. Many large gambling corporations such as Sands Corporation, MGM Resorts and Caesars Entertainment, intend to as early as possible to get a license and start building their institutions in Japan. Hokkaido, Okinawa, Osaka, Yokohama and Tokyo are being considered as casino locations.