This story was published more than 1 year ago.
Japan's government indicated this week that they're not going to be moving ahead with plans to tax the gambling winnings of foreigners when the casino industry opens in a move to help lure more people to the casinos.
The decision was made as the national government determined that foreign participation is key for Japan's gambling industry, and that by taxing winnings, they wouldn't be competitive with other Asian neighbors, who don't have restrictions on winnings.
Japan legalized gambling in 2016, but has yet to see an official casino launch. There are many resorts planned, and the country is accepting applications for gaming licenses until April 28th, 2022.
We're following Japan's market growth and will update readers as we learn more.