Online Casino Edition – Casino News News about online casinos and gambling

Japan’s legislative house is considering a bill that is aimed to make gambling at casinos legal in the country. The lawmakers for the country have decided to host parliamentary discussions to look over the possibility of legalizing gambling in the country so that casinos can be built and operated within city limits. Chair for the lower house cabinet committee, Masahiko Shibayama, stated that the bill is going to be looked over at a Wednesday meeting although the bill is not expected to be put up for passage until the autumn at the earliest. It will likely take this amount of time to get people on board and comfortable with the idea of legal gambling.

Deputy Secretary General Hiroyuki Hosoda of the Liberal Democratic Party submitted the bill which if approved is the first part of a two part bill that would eventually lead to gambling being legalized. At the moment gambling is banned in Japan. As the third largest economy in the world, the legalization of gambling would potentially bring a great deal of money into the country via taxes and tourism. If the bill is passed then the government will have to take more steps over the course of the year to prepare the gambling industry to be introduced into the market.

Proponents of gambling Japan have been working on legalizing the practice for the last decade and they see the discussions on Wednesday as a huge step forward. Although there have been many mentions of allowing casinos to come into Japan over the past few years the frequent change of administration and ruling parties as well as other more pressing bills have overshadowed any movement. Toru Mihara stated that this is the first step but they need to stay active to make sure that the movement continues to gain momentum so that it can move forward.

If Japan were to legalize gambling it could easily become one of the largest markets for gambling in the world. The Brokerage CLSA firm has taken a look at the economy and potential for gambling revenue in the country and predicted it could reach as high as $40 billion. To put the number into perspective, it would measure almost six times what Las Vegas took in last year. Annually Vegas casinos on the strip make a combined revenue of a little over six billion.

In addition, Prime Minister Shinzo Abe is hoping that legalizing gambling will help promote the country as a top tourism destination to help increase the amount of foreign travelers. The economy has been stagnant in Japan for the last decade and an increase in tourism via integrated resorts would greatly boost the growth strategy of Japan. The casino industry will likely be watching Japan to see if and when the potential to expand into the country arrives.

According to the BBC, the voluntary code needs to be toughened up a bit. Much of the code has already been made “compulsory”, but more guidelines to need to be put in place. This is due to the protection that some say certain clients are not getting

WHAT DOES THE CODE DO

It sets a specific amount of money that a customer can use to bet. It also sets a specific time that these customers can spend on the machines. This code is not being used to punish the gamers, though some would disagree. It’s there as a protection device. But according to some, much more protection is needed.

WHAT SORT OF GUIDELINES SHOULD THERE BE

The code is there to keep certain people’s habits at bay. There are many clients that have serious gambling problems, though many of them will not admit it. They have these “craving”. This code is there to protect those people, yet not ruin the experience for everyone else.

HOW IS THE CODE DISPLAYED

After a certain period of time, clients are expected to take breaks, In other words, they need to “walk away”. Sometimes it gets to be too much. Some are pushed to their limits. When this happens, they need to walk away. The staff is all highly trained. They are trained to see the “warning signs”. They are also trained to know what to do, when these signs occur.

WHAT ABOUT BOOKMAKERS

They are expected to abide by these policies too. The idea is to create a relaxed and fun environment, but not at the expense of others. This is where the safety comes in, especially for those that have those “cravings”.

HOW SERIOUS ARE THE CRAVINGS

These cravings are serious. Compare them to any other addiction, one might have. Some like to gravitate to drugs and alcohol. Others like to gamble and bet. Like any addiction, it starts off slow and increases over time.

This is why casinos need to be on guard. They need to be alert for when certain customers might “need a fix”. Everyone has the right to gamble. But there are some who have developed a dangerous habit.

WILL IT CURE THE PROBLEM

According to some, it’s not going to magically cure the addiction. When questioned, a therapist said she was in agreement, but she still showed concern. She feels that it might be viewed as “cure” for those that have a problem.

But like any other addiction, this may not be entirely true. Just because you limit the time and money, doesn’t mean the person still won’t get those urges. In order to help themselves, customers are allowed to invoke the “self-exclusion” strategy.

This requires them to tell the staff not to accept their money, if they feel things are getting out of control.

Will code be a step in right direction? Like anything else, it has both advantages and disadvantages. Only time will tell how well the code will work.

There is definitely a sense of community in the gambling world. One could almost say it’s become a mantra. There are groups of people who take bus rides into a nearby casino. They spend all day long playing the slots, some even go all night. But does it become a problem at some point?

There are many who place bets for Monday night football. But what happens when Monday night spills over to Wednesday, Thursday and Friday night? What happens when you play for so long, you fall asleep in front of the craps table?

There are many who don’t shower or clean themselves for days, just so they can get that “win”. There has become a mantra within the community, many seem to abide by. It goes something like this, “Gamblers will eventually become as broke as the rest of us, so what is the harm?” So what is the “harm” actually?

A college in London recently conducted some research on this. The study showed that the dangerous theory of the “hot hand” is actually alive and well. It’s not a myth, as some people have thought.

For those that who don’t know what a “hot hand”, I will explain it to you. A “hot hand” or “hot hand fallacy” is when the person who is betting is riding high off a few wins. It’s the idea that winning turns into more winning.

Let’s suppose you are playing a game like blackjack. You hit a sixteen, against the dealer’s ten. At this point you pull a five. You double down until you win. With all of this luck, you figure you will keep on going. You won the first two hand, so you figure, why not. In your mind, you assume you can’t lose on the third go-around.

But shock of all shocks, you make a wrong move. You end up losing the hand. This is what is known as “a hot hand.”

Those who are in the situation, tend to keep playing. They figure they can get back their “win.” The irony of it all, those who begin to lose these hands, will keep on losing. Once you get off your streak, it’s hard to get it back. The reason being, you become so “hot” that the rush overrides any good decision making.

What many people don’t realize is, those who don’t expect to win, will win. Those who expect to win, will lose. This has always been a terrible misconception. You can’t go in expecting to win all of the time. This is what creates the “fever.” This is also what creates the danger. This danger causes gamblers to do many things.

Too many get the “hot hand” and don’t know when to quit. This is what this one particular study found out. The gambling fever does strike many. But how many of those people just consider it a “hobby”, and how many consider it an “obsession?”