Casinos oppose allowing the 18-to-21-year-old demographic access because the overwhelming majority of persons in that age range typically don t have robust bank accounts. And with alcohol served across casino floors, allowing underage customers in prevents severe regulatory problems with minimal potential reward. Casinos Coming of Age
Japan s primary goal in legalizing two integrated casino resorts, aside from of course reaping the tax rewards and increasing tourism, is to make sure that gambling expansion doesn t harm its citizens.
The Diet is expected to unveil its final casino bill sometime in December, but details are beginning to leak on what sort of regulations will be imposed, and so far, it s not exactly welcoming news to casino companies eyeing the market.
In addition to imposing an entrance fee on locals and keeping young adults out, Japan is expected to restrict the size of the gaming floors to just 15,000 square meters (161,450 square feet). That might sound like plenty of space, but Las Vegas Sands, one of the leading candidates to obtain one of the two licenses, has a 550,000-square-foot casino at its Venetian Macau resort.
Reports suggest that mass market gaming will be taxed an effective rate of 22 percent, while casinos will need to share 12 percent of VIP earnings.
