Following passage of an eagerly anticipated bill to legalise integrated resorts, Japan is now primed to step forward as one of the most significant expansion opportunities in the history of the international casino industry.
Still, there is a long road ahead before the specifics of Japan’s casino regime are set in stone.
The path toward Japanese casino approval is two-fold, with the legislation passed by Japan’s Diet in December 2016 simply calling for authorisation of integrated resorts.
Now, the administration of Japan’s Prime Minister Shinzo Abe and Diet members must craft a more detailed, implementing bill — setting out a precise regulatory framework for a casino market that many believe will very quickly become one of the most lucrative on the planet.
See below for GamblingCompliance’s coverage from Tokyo.
Insight & Analysis
Major Japanese banks are warning they will refuse loans to would-be integrated resort (IR) operators in the country if uncertainty surrounding licence renewals persists, according to a top Las Vegas Sands executive.
Osaka, a leading contender to host an integrated resort (IR), has comfortably won the bidding to hold the World Expo 2025, an event...
Political and commercial circles are beginning to grapple with the investment-repelling potential of Japan’s “ten year, five year”...