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The first independent gambling guide to the best online
casinos!
Japan May Welcome Online Casinos, as
Online Casinos Worldwide Profit
Online casinos have
enjoyed incredible growth on the Internet in recent years, and this
explosive expansion to markets like Europe and Asia, as online casinos
spring up left and right. But, despite some controversies in the
industry, the current state of online casinos is healthy and ripe with
new developments and news.
The latest research on online casinos shows that there are still
substantial growth opportunities in the online casinos industry in
months and years to come. New studies have been released showing the
potential growth of online casinos.
New studies have estimated that worldwide online casinos and gambling
revenues were $11 billion in 2005, up from about $8.5 billion in 2004.
Online casinos are legal in the United Kingdom, but online casinos are
not yet legal in the United States.
The legality of online casinos may hinder the future successes of the
industry. Nevertheless, Japan is now considering welcoming online
casinos and the profitable internet gambling industry inside its
borders. Even though the confusing legal status of online casinos in the
US is currently under debate, and adults surveyed online are divided
about whether the US should ban online casinos or not, Japan seems very
optimistic about the industry’s growth chances and has looked at other
countries and platforms as a good example of success.
A lot of different articles have been written about the increase in
online casino gambling amongst the Asian nations. However, the
regulations of several of these nations to internet gambling differ
radically from each other, none more so than China's and Japan's.
While the Chinese government remains committed to stamping out internet
based gambling in China, a recent campaign to legalize both land based
casinos and internet casino firms in Japan is underway and supported by
the country's ruling Liberal Democratic Party. This may, in fact, lead
to a change in policy towards internet gambling in Japan and possibly
even throughout other parts of Asia.
In Japan, a subcommittee operating under the committee on tourism has
recommended that legalizing online casino gambling in Japan would boost
the country's economy. Taxation is one area that appeals to the
government and will be a main point in the subcommittee's report to the
government. A full interpretation of what gambling actually means is
also needed to encompass gaming at internet casinos and live casinos.
The committee is expected to hold discussions on the future of gambling
on the internet in Japan with several government agencies. Gambling
businesses may also be asked to join future talks.
Still, social action groups in Japan have shown concern about the
potential increase in the online casino gaming in the country. The
social groups have fears that net gambling could negatively affect the
country's youth. There have even been widespread protests from
charitable organizations and gambling awareness groups.
In a response, the government has told protestors that their opinions
and concerns will be taken into consideration before decisions are made
in Japan.
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