It became known earlier this year that Osaka’s authorities were supportive of the idea for an integrated resort with casino gambling to be built on the Yumeshima artificial island. If the city wins the casino license competition, it would try its best to complete the casino complex shortly before the 2025 World Expo, of which Osaka could be the host in what is considered a best-case scenario by officials.
According to local media, a Diet members coalition has recently been formed to represent Osaka’s interest in becoming part of Japan’s nascent casino industry. They are planning to boost promotion efforts, both internationally and across the country, as from September.
It has also been reported that members of the coalition and
Osaka Gov. Ichiro Matsui will present their plan for the 2025 World Expo in
Paris, where the Bureau International des Expositions headquarters are located.
It is believed that the preferred locations for Japan’s casino resorts will be
announced later this year or early in 2018.
The Japanese government is entering the final stages of the preparation of a draft bill that would lay the foundations for the establishment of the country’s first integrated resorts and would present the regulations under which its nascent casino industry would be regulated.
Future resorts will have to make sure that they are not solely reliant on casino revenue and will thus have to feature multiple other facilities, including conference venues, entertainment and cultural facilities, multiple dining and accommodation options, among others. Tax revenue from casino operations will be distributed to help local economies and boost national tourism.
Source: GMB / Casino News Daily
