Gambling for foreign currency

Above (Issue I/2019)


Japan will allow the construction of casinos in hotel resorts in the future. The government is hoping to access foreign currencies to boost the economy. Thirty percent of the profits from gambling will go to the state, according to a new law. Investment banking firm Goldman Sachs estimates that Japan will become the world's second largest gambling market after Macau. To curb gambling addiction, Japanese are only allowed to go to the casino three times a week and pay around fifty dollars in admission, while tourists pay nothing.



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