Japan Online Gambling Market

japan is on the brink of a major online gambling boom with the launch of casino ir offerings in july of 2018. this new law has enabled the country to establish a legal and regulated online gambling industry, promoting both land-based casinos and online gambling platforms. the rapid uptake of casino ir has enabled a number of japanese corporations to set up their own online gambling operations, while many more are working in partnership with international operators. this has created a highly competitive market for online gambling in japan. from a regulatory perspective, japan has adopted a cautious approach and there are strict rules and regulations which must be followed in order to obtain a license to operate a casino in japan. the legal framework also includes strict anti-money laundering measures, ensuring the safety of customer funds. in terms of customer demographics, the majority of online gamblers in japan are also young, with 18-24 year olds accounting for the highest proportion of online activity. this has allowed japan to become a key market for many international operators who have invested heavily in creating mobile apps for ipad/iphone and android devices. looking to the future, the japanese online gambling market is expected to continue experiencing rapid growth as the popularity of casino ir grows. it is widely expected that the government will also continue to embrace the potential of online gambling and make further efforts to develop an open and competitive market to attract more operators and increase customer engagement. the japanese online gambling market represents an important opportunity for operators and investors alike. with a vast number of online users and a legal and regulated market, there is great potential to develop a large online gambling market in japan. the next few years will be a critical period for the development of the industry and investors will need to be prepared to weather periods of instability and volatility as the market continues to develop. it is likely that the japanese online gambling market will remain a major draw for global operators and investors in the years ahead.