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
The Japanese government will require integrated resorts (IRs) to include a minimum of 100,000 square metres in hotel room inventory and to select a balance between conference room capacity and exhibition space, according to new draft regulations.
Florida gaming group Hard Rock International said today it would bring Broadway's King Kong musical to the land of Godzilla if it were...
Major Japanese banks are warning they will refuse loans to would-be integrated resort (IR) operators in the country if uncertainty...