Published September 21, 2024
Evolution: Japan Online Casino, Payments & Government Policy
inpractise.com/articles/evolution-japan-payments-and-government-crackdown
Executive Bio
Japanese iGaming Executive
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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Yes, so they serve as a mule for the money.
Yes, internally, basically a domestic deposit. It doesn't have to go outside the country. Everything is deposited into the bank account in Japan. People put the money in very easily, whereas before they were using credit cards or online wallets. Even Vera & John has had a company in Japan doing that for years, well hidden. So, obviously, we see money internally from Japan, and the players don't have to wire money electronically with IBAN or SWIFT. It's like a local bank transaction.
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Yes.
If I go back to the deposit amount, not NGR, just the deposit amount. Based on the figures I sent you earlier, if each player deposited $30, which is about ¥5,000, and considering there were approximately 3,459,000 players in the last year, from the end of August to the beginning of September, 3.46 million people in Japan participated. In the past year, if we assume $20 to $30 per player, how much would that be? I would estimate that probably around 30% of that would be in crypto.
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