the villas bellagio hotel and casino(Image: Timothy Clary/Getty)One of four casinos to close in 2014, Blatstein acquired the Showboat for million in January of 2016.  GanjinPot.com)The Japanese parliamentary committee tasked with developing a framework of regulation for the country’s future casino market is proposing just this.On Wednesday, lawmakers presented a motion to charge Japanese nationals and residents just under for admittance to the casino floors.It’s the latest in a slew of proposals aimed at combatting gambling addiction and protecting consumers that have raised eyebrows among potential operators, although charging people money under the guise of “protecting them” is a neat trick that has more in common than racketeering than robust gambling regulation.Overregulation Will Strangle MarketOn Tuesday, The Japan Times, reported that the committee was proposing a progressive tax system that could reach 50 percent for the country’s most successful operators.Other extreme measures on the table include limiting Japanese nationals and residents to three visits to a casino per week and a maximum of 10 visits within 28 days. It hit Atlantic City especially hard, and its effects have lingered longer than in other parts of the country.As state governments have expanded gambling in an effort to find new sources of tax revenue, the Atlantic City economy has struggled to return to pre-recession prosperity.Prior to 2007, New Jersey’s gambling town had never posted an annual gross gaming revenue decline since the state legalized casinos in 1978. poker hand winsThat changed in 2007, when the city began what would be nine years of GGR losses.But now with two consecutive years of gains, collective growth of 1.55 percent in 2016 and 2.2 percent last year, casino operators are bullish on the beachfront town.Hard Rock is spending over 0 million to renovate the former Trump Taj Mahal into a rock ‘n’ roll-themed casino resort.  GanjinPot.com)The Japanese parliamentary committee tasked with developing a framework of regulation for the country’s future casino market is proposing just this.On Wednesday, lawmakers presented a motion to charge Japanese nationals and residents just under for admittance to the casino floors.It’s the latest in a slew of proposals aimed at combatting gambling addiction and protecting consumers that have raised eyebrows among potential operators, although charging people money under the guise of “protecting them” is a neat trick that has more in common than racketeering than robust gambling regulation.Overregulation Will Strangle MarketOn Tuesday, The Japan Times, reported that the committee was proposing a progressive tax system that could reach 50 percent for the country’s most successful operators.Other extreme measures on the table include limiting Japanese nationals and residents to three visits to a casino per week and a maximum of 10 visits within 28 days. Too Fast, Too Furious?Numerous gaming analysts have opined that the closure of five gaming floors was a right-sizing for the town, as gambling continues to spread across the northeast and fewer visitors consequently travel to Atlantic City. vince neil soaring eagle casino

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