ï»¿ politicians are also turning their attention to a gambling that is existing very long too neglected by regulators.
Japan pachinko parlors mainly escape strict regulatory controls because they are legally classed as ‘amusements.’ That may be about to change as the federal government paves the way for its destination that is new casino. (Image: flickr)
The nation’s colorful, noisy pachinko parlors line the roads of almost every town and city in Japan.
Technically, these pinball-slot hybrids skirt the fringes of legality but are accepted since they usually do not shell out money directly.
Instead, players trade captured balls for prizes, or for tokens that can be exchanged for money elsewhere.
Pachinko is therefore legally classified as an ‘amusement,’ just like a fairground attraction, which means the sector has largely escaped regulation applied to Japan’s other gambling pastimes, such as gambling on horse, boat, bike and motorcycle race.
The pachinko market has really been shrinking over the last years that are few it remains huge. Japanese spent $209 billion at pachinko parlors in 2015. That’s about 4 percent of the country’s GDP.
A 2014 study found that 5.36 million Japanese, or 4.8 percent of the adult population, may be problem or gamblers that are pathological. Those rate (more…)