Published
Land-BasedCasinoLegal & Regulatory

Japan legalises Casinos

Japa

japancasinos2
nese parliament passed a law today to legalise land-based casinos. The passing of the ‘integrated resorts’ bill ends 15 years of political argument and clears the way for multi-billion dollar projects that combine high-stakes gambling with tourist resorts.

Despite fierce objection from the Democratic Party, the upper house approved the bill on Wednesday after it was pushed through the lower house last week.

Their concerns centre on gambling addiction and money laundering. Public broadcaster NHK reported that 44% of the Japanese public opposed casinos, with only 12% supporting the bill.

Pro-casino lawmakers promised to implement measures to prevent the increase of gambling addiction and money laundering: "We need to develop an environment where treatment such as training for specialised treatment and consultation can be received when necessary," Yoshihide Suga, Chief Cabinet Secretary, says.

However, Daiwa Research Institute estimated that the permitted casinos could generate nearly $10 billion in net profit annually, equivalent to 0.2 percent of Japan's gross domestic product.

As a result, International gaming companies including Wynn Resorts Ltd, MGM Resorts International, and Caesars Entertainment Corp have voiced their interest in the Japanese market by proposing bids for a casino licence and seeking potential partners for investment. The passing of the bill may instigate a battle to win operating rights.

However, casinos will not be in operation until at least 2022-23. New legislation within the next year will set out details on regulation, tax rates and dealing with social concerns, such as gambling addiction and organised crime.

Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...