2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 28 October 2016

Japan casino bill still an option

By Nicole Abbott
As casinos may prove to be the next catalyst for financial growth following the 2020 Olympic Games, the Japanese Parliament could still debate a bill to legalise casinos before the year is over. According to CNBC, there are expected to be two large resort licences on offer, which are predicted to take $40bn per year.

Kotaro Tamura, a former senator and parliamentary secretary, explained that the government’s increased political capital and their aim to increase inbound tourism are the driving forces behind the potential passing of the casino bill.

In August, Prime Minister Shinzo Abe appointed three officials which supported the casino bill to top spots within the ruling Liberal Democratic Party. Toshino Nikai, secretary-general; Hiroyuki Hosoda, General Council chairman; and Toshimitsu Motegi, policy chief, all met to confirm their intention to pass the bill during this current parliamentary session, which ends on November 30. Indeed, now that the LDP has an overall majority in upper and lower houses of parliament, there is a strong possibility that the bill could be passed if it comes to a vote.

However, the legalisation of casinos remains a controversial matter; the last poll showed that over 65% of Japanese polled were against the casino bill.

Indeed, the bill was originally submitted in 2015, but subsequently not advanced due to the public’s strong opposition over fears of increasing the gambling addiction rate. Although gambling is illegal in Japan, the pachinko halls (outlets with arcade-style games, where players can win money depending on the games' outcome) has led to an extremely high gambling addiction rate, with 5% of the population suffering from the habit in 2014.

Steven Gallaway, managing partner at Global Market Advisors, has commented that the likelihood of the bill passing this time round remains strong, as Japanese legislators and stakeholders have been educated on the advantages and benefits of casinos by international companies who have expertise in conducting responsible gaming.

Gallaway stated his belief that Japan could match, or even overtake, Singapore’s dominance in the global gaming market: "While I don't ever see Japan becoming the next Macau or Las Vegas, it could likely become the next Singapore. Both countries are politically and economically stable, have diverse levels of international tourism, and are geographically on opposite sides of Asia.”
RELATED TAGS: Land-Based | Casino | Legal & Regulatory
DISCUSS THIS ARTICLE
IN-DEPTH 18 February 2020
A decade to remember
READ MORE

PREMIUM CONNECTIONS
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia