Japan pachinko parlors mostly escape strict controls that are regulatory they are legally classed as ‘amusements.’ That may be about to change as the government paves the way in which for its brand new location casino resorts. (Image: flickr)
The country’s colorful, noisy pachinko parlors line the streets of nearly every town and city in Japan.
Technically, these pinball-slot hybrids skirt the fringes of legality but are accepted since they usually do not pay out money directly.
Instead, players trade captured balls for prizes, or for tokens that will be exchanged for cash elsewhere.
Pachinko is therefore legally classified as an ‘amusement,’ just like a fairground attraction, which means the sector has largely escaped regulation placed on Japan’s other gambling pastimes, such as betting on horse, boat, bike and motorcycle race.
Japan marketplace Does $209 Billion in 2015
The pachinko market has actually been shrinking during 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 research discovered that 5.36 million Japanese, or 4.8 percent associated with the adult populace, may be problem or pathological gamblers (more…)