{"id":69346,"date":"2018-02-07T14:00:14","date_gmt":"2018-02-07T22:00:14","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=69346"},"modified":"2018-02-07T12:54:50","modified_gmt":"2018-02-07T20:54:50","slug":"japanese-lawmakers-must-not-leave-casinos-cold-delegates-tell-ice","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/japanese-lawmakers-must-not-leave-casinos-cold-delegates-tell-ice\/","title":{"rendered":"Japanese Lawmakers Must Not Leave Casinos in the Cold, Delegates Tell ICE"},"content":{"rendered":"

Japanese casino regulation was a key topic at the International Casino Exhibition (ICE Totally Gaming) this week as delegates from across the world descended on London Docklands for one of the gambling industry events of the year.<\/p>\n

\"CEO
CEO of Hard Rock Japan Edward Tracey addressed a panel at ICE Totally Gaming this week that casino developers must keep the channels of communication open with Japanese lawmakers. (Image: ICE Totally Gaming)<\/figcaption><\/figure>\n

As ever, while operators showcased their latest innovations on the floors of the ExCel London exhibition center, gaming\u2019s top execs participated in round tables and seminars on the state of the industry and the shape of things to come.<\/p>\n

During a panel discussion on Tuesday entitled \u201cA Year in the Life of a Japanese Integrated Resort,\u201d executives from MGM Resorts and Hard Rock, both contenders for Japanese licensing, urged the industry to keep a dialogue flowing with Japanese lawmakers as they develop a framework of regulation.<\/p>\n

The Japanese Diet has voted to legalize integrated casino resorts to boost tourism, but there\u2019s a feeling that lawmakers are considering regulations that will stifle a market with such huge potential.<\/p>\n

Japanese Casino Regulation Losing Sight of Goals?<\/strong><\/h2>\n

For political reasons, you end up inserting different things that result in unintended consequences \u2013 such as if you apply too much pressure, a high tax rate, high entry free, or limit to the floor space,\u201d said Ed Bowers, executive vice president for global development at MGM Resorts International. \u201cAs you push one lever, it may have repercussions on other areas.\u201d<\/p>\n

Edward Tracy, CEO of Hard Rock Japan, said it was important that Japan does not lose focus on its reason for legalizing casinos in the first place by getting bogged down in restrictive regulations.<\/p>\n

\u201cWe\u2019re not out there to do it incorrectly, we are there to make sure its sustainable,\u201d he said. \u201cThe best way, in my view, is to find those common denominator issues and talk about them,\u201d said Tracy.<\/strong><\/p>\n

Betting Industry Has an \u2018Issue\u2019 <\/strong><\/h2>\n

Elsewhere, the UK betting industry was eager to discuss its \u201cimage problem<\/a>\u201d \u2013 the public perception that it has failed to do enough to protect its vulnerable customers, which has led to a tightening of government regulations.<\/p>\n

\n

Sky Bet<\/a> CEO Richard Flint said the industry needs to listen harder to criticism from the public and its political opponents if it is to flourish in the UK.<\/p>\n<\/div>\n

\u201cThe industry must first recognise it has an issue,\u201d said Flint.\u00a0\u201cAnd I don\u2019t just mean a PR or reputational issue. I mean a genuine, evidence-based subject that it must play its part in addressing.”<\/strong><\/p><\/blockquote>\n

Flint wants online gambling companies to pay more attention to the customer data at their disposal and to take a more interventionist approach when dealing with customers who may have issues with problem gambling.<\/p>\n

“Yes, this will lead to more difficult conversations with customers who don\u2019t like their behaviour being challenged. And it will lead to greater lost revenues from customers who spend less than they otherwise would,\u201d he said, but it would rebuild public trust in the industry.<\/p>\n

Other topics discussed were the role of cryptocurrency within the regulated gambling sector and the refining of the affiliate ecosystem, while a \u201cWorld Regulatory Assembly\u201d allowed regulators from jurisdictions across the globe to share their knowledge and ideas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Japanese casino regulation was a key topic at the International Casino Exhibition (ICE Totally Gaming) this week as delegates from across the world descended on London Docklands for one of the gambling industry events of the year. As ever, while operators showcased their latest innovations on the floors of the ExCel London exhibition center, gaming\u2019s […]<\/p>\n","protected":false},"author":42,"featured_media":69349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,13592],"tags":[],"acf":[],"yoast_head":"\nJapanese Lawmakers Must Not Leave Casinos in the Cold, Delegates Tell ICE<\/title>\n<meta name=\"description\" content=\"CEO of Hard Rock Japan Edward Tracey addressed a panel at ICE Totally Gaming this week that casino developers must keep the channels of communication open with Japanese lawmakers. 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