Japan Casino Commission FY2024 Budget Slightly Up

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Japan's Casino Regulatory Commission has increased its allocated full-year budget by 2.2% year-on-year. Its 2024 fiscal budget is N3.7 billion ($26 million), up N80 million from N3.62 billion announced in fiscal 2023.
The allocation for the upcoming fiscal year was announced Friday. The budget, which is denominated in U.S. dollar terms at the current exchange rate, actually declined slightly in fiscal 2023.
According to information gathered by GGRAsia's Japan correspondent, the Commission has been in enforcement mode since the current financial year in terms of casino-related licensing and other casino regulations.
The country's first casino resorts will be MGM Resorts International, headquartered in the United States; Orix, Japan; and MGM Osaka, a venture between small investors.
In early September, authorities in the Japanese metropolitan city of Osaka mentioned "Autumn 2030" at the earliest before the resort opened. They added that the initial investment cost of N1.8 trillion at the time would increase by N190 billion.
Nagasaki's proposal to develop casinos and integrated resorts (IRs) is still awaiting a response from national governments.
The Japanese Casino Regulatory Commission's budget for fiscal 2024 includes N2.85 billion for personnel and operating expenses, N360 million for establishing a supervisory authority for casino operators and other parties, and N220 million for conducting inspections to verify the licensing suitability of casino operators and other officials.
The number of committee employees mentioned in the 2024 budget was 167, up three from the previous year.
The annual budget cited excludes what the Japanese Casino Regulatory Commission will pay for such work by Japan Digital Agency, a government agency set up to support the "digitalization" of the Japanese economy, government and society. For fiscal 2024, this amounts to N540 million, compared with N910 million for fiscal 2023.
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