Japan set to take casino gamble soon
Almasalla Travel News – group of Japanese lawmakers are close to hitting the jackpot in their bid to legalise casinos, betting the revenue bonanza could challenge Macau for the title of global gaming powerhouse.
A bill is to be submitted to parliament later this year that, if passed, would pave the way for tie-ups with big name firms to build casinos across the country, said a senior Japanese lawmaker heading the push.
“Japan may be the only developed country without casinos. But we are sprinting to the finish line,” Takeshi Iwaya told AFP in an interview.
Talk about opening casinos in Japan has been on the table for years.
But a change in government and its declared aim to stoke the limp economy may give an unprecedented impetus to legalise roulette wheels and baccarat tables in the country of 128 million, analysts said.
Should casino legislation pass… the implications are huge,” brokerage CLSA said in a report.
“Japan could become one of the largest gaming jurisdictions in the world, surpassed perhaps only by Macau.”
CLSA estimated that just two gaming resorts in Tokyo and another in the smaller city of Osaka could generate revenues of $10 billion annually.
Source : euro news.com
