Japan pachinko parlors mostly escape strict regulatory controls because they are legally classed as ‘amusements.’ Which may be planning to change as the government paves the way for its destination that is new casino. (Image: flickr)
The country’s colorful, noisy pachinko parlors line the streets of almost every town and city in Japan.
Technically, these pinball-slot hybrids skirt the fringes of legality but are accepted simply because they do not shell out money directly.
Instead, players trade captured balls for prizes, or for tokens that can be exchanged for cash somewhere else.
Pachinko is therefore legally classified as an ‘amusement,’ like a attraction that is fairground which means the sector has largely escaped regulation applied to Japan’s other gambling pastimes, such as wagering on horse, boat, bike and motorcycle racing.
Japan marketplace Does $209 Billion in 2015
The pachinko market has actually been shrinking throughout the last few years but 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 unearthed that 5.36 million Japanese, or 4.8 percent of this adult population, may be problem or pathological gamblers. Those rat Continue reading “Japan Looks to Curb Its Pachinko Problem. As the Japanese Diet prepares a framework of regulation that will pave the way for the country’s first casinos”