We may still be some ways away from Japan’s first legal brick and mortar casinos, but those with a vested interest in the budding industry are already laying down the blueprints regarding their involvement. One of these companies is Konami, a Japanese technology company that is behind many of the slot games you would play in Las Vegas and other casino towns.
Konami has made it clear that they would like to be involved in the creation of a Japanese casino industry only so long as the rules and regulation in Asia are as strict as those in Las Vegas.
Setting Good Industry Standards
According to Bloomberg, a senior executive from Konami made it very clear that the casino industry in Japan must have a good reputation in order for their games to be found in Japanese casinos. In essence, Konami is saying that the same sorts of rules and regulations you find in places like Las Vegas must also be present in Japan. If the industry is looser and does not feature such strict regulations, Konami may be unwilling to participate.
Elaborating on this was Satoshi Sakamoto, with Konami, who said, “In Las Vegas, if you have a license they’ll take it away if you start getting involved in strange things, and that would be a big problem. If Japan is too loose, then we’d have to remove ourselves.”
Already, big names like Las Vegas Sands Corp. and Wynn Resorts Ltd. Have already expressed interest in building casino resorts in Japan. Though the Japanese government legalized the existence of casinos, those interested in the situation will have to wait until later in the year, when the number of casino resorts as well as where they will be located will be decided. Even if the vote—which is set to take place later this year—approves the construction of a handful of casinos, conservative estimates hold that the first casino resorts will not open their doors until 2023.
Konami, which deals with most every casino in Las Vegas and other parts of the United States, is eager to get a shot at an industry that would be in their own backyard. However, if Japan’s casino industry does not set strict standards for licensed game operators, Konami may be forced to exclude itself from the Japanese market. All in all, the exact rules and regulations surrounding the Japanese casino industry are still being drafted. Until they have been finalized and subsequently voted upon, there is no way of knowing if they will align with, be stricter than, or fall short of Nevada standards.