Japanese Yen Casinos (JPY)
The Japanese yen is the official currency of Japan, one of the world’s leading currencies, an important reserve currency along with the US dollar, the euro and the pound sterling. One Japanese yen is equal to one hundred sen. The denominations are of 1,000, 2,000, 5,000 and 10,000 Japanese yen. And there are coins with a nominal value of 500, 100, 50, 10, 5 and 1 yen. The economy of Japan is characterized as high-tech. The main regulator of the yen is the Central Bank of Japan.
The Japanese yen is one of the most popular currencies of the international Forex currency market, but in gambling community it’s not as spread, because Asian market is a new one, so there are only a few high quality casinos accepting Japanese yen. Show more
But there is a one fact that sounds as promising as possible – year ago, in 2016, online gambling have been legalized in Japan. Our list is actively updated by our specialists, and over the past year the number of casinos has significantly increased, the fact that even popular non-Japanese casinos began to introduce the Japanese yen into the functional of their sites shows the growing popularity of gambling online in Japanese users.
The Japanese people love the virtual world. They happily spend a huge amount of time playing computer games, interacting with virtual characters in role-playing games and even bringing their families online. However, for some reason such a widespread entertainment in the whole world, like an online casino, can not get accustomed to the Land of the Rising Sun as fast, as it did in USA, Canada and other western countries.
The Japanese are known for their love of excitement, but there are only few online casinos in their country, and their choice is not as great, as well as the quality of Japanese video slots and live games. The Internet gaming industry of the country, surprisingly, has not yet reached the required level. And there is an explanation for this.
The thing is that at first localization of the bulk of online gaming clubs was observed in Europe and North America. In Asia, however, online casinos have spread relatively recently, and at the same time, having acquired serious financial reinforcements and opportunities, Japanese operators are still at a crossroads, not knowing how to “step in” to a local audience that is very different from the western one. That’s why there are just several high quality casinos with Japanese yen. And almost all of them are in the list below, at least those available for non-Japanese gamblers.
It is known that it is not easy to get experience in the sphere of Japanese online casinos for all non-Japanese businesses, Japan’s market is a closed one industry. Even Japanese casinos, operating only in Japanese yen, are but a few. In Japan, there is no tendency to hold conferences on this topic, there is no cooperation between casinos, as well as developers. That’s why the region stays slightly unknown for international casino owners.
In which casinos can you play with Japanese Yen?
As already stated above, due to the fact that online casinos have become legal in Japan only a year ago, it is still too early to talk about hundreds of different casinos, the choice is still small, as before, only a few really worthy sites were opened for this year. But the fact is that the Japanese market, even despite the legalization of the gambling business, remains closed for American and European casinos who would like to create local Japanese sites where the Japanese could deposit and withdraw money in Japanese yens by playing in quality games.
Maximum, where you can deposit an account in Japanese yen, while being, for example, a resident of Russia – these are large web resources, in the functionality of which the Japanese yen is due to its importance for the world economy. This means that if you have on your online wallet, or even just Japanese yens in cash, you can safely deposit the casino and play.
On the other hand, often Japanese players want new sensations, because of this they begin to look for European casinos, in which it is possible to deposit the account in local currency, or change it in the Internet exchanger.
Such cases are also frequent, and this too is a problem that is being actively solved at the moment, because the legalization of gambling business means an active increase in the number of players in the world’s online casinos, originally from Japan. Because of this many sites not only introduce the Japanese yen to their customers, but also translate their sites into Japanese for convenience.
What are the methods of depositing in casinos with Japanese Yen?
JCB is the largest payment system in Japan and one of the top five payment systems in the world. It takes the third place in the world among payment systems by the number of card acceptance points. It is this payment system that is the main and most popular in Japanese casinos, and almost 80% of Japanese yens in use in online casinos are deposited with JCB.
The second most popular payment system used in the depositing or withdrawal of Japanese yen in online casinos is credit cards for visa and mastercard. Thus, it turns out that all players who are not in Japan and do not have access to JCB, are forced to deposit the account in only one way – credit cards. Or, to change the yen, as it was said above, in online exchanges, to other popular currencies, such as the dollar or the euro.
Despite the doubts of many players in the feasibility of investing in the Japanese gaming market, due to legalization in 2016, this market is one of the most interesting for investors, although it is rather risky, given the closed nature of Japanese society, it’s hard to say that your casino will be very popular if you open it in Japan.
But this does not mean that no one is going to risk, with the advent of new casinos in Japan, it is easier to deposit the account in local currency, and accordingly, more and more Japanese are involved in the global phenomenon of online gambling, which is pretty promising. Show less
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