SÁB 23 DE NOVIEMBRE DE 2024 - 09:27hs.
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Japan to discuss second casino bill soon

A work team of Japan’s governing Liberal Democratic Party (LDP) will begin to work later this month on the second-stage bill setting out the rules for Japan’s nascent casino industry, reported the Japan Times newspaper.

The news outlet said the team would be led by the LDP’s Takeshi Iwaya, a member of the House of Representatives in the Diet, the country’s parliament.

According to the report, discussions are likely to cover several politically-sensitive topics includingdealing with problem gamblers, and money laundering. They will also propose rules related to casino design and entrance restrictions, added the newspaper.

Legislation making casino gambling legal in Japancame officially into effecton December 26. That piece of legislation – referred to by its supporters prior to its enactment, as the Integrated Resorts Promotion Bill – got the final approval from Japan’s parliament on December 14.

Casino legalisation in Japan is a two-statute process. After approval of the enabling bill legalising casino resorts at the conceptual level, a second piece of legislation has now to be passed, detailing the specifics, including how casinos are administered and regulated.

The prefectural governments of Osaka and Wakayama in Japan had respectively indicatedstrong support for so-called integrated resorts with casinos said the Japan Times.

The governor of Osaka, Ichiro Matsui, has lobbied Japan’scentral government seeking approval for his prefecture to be approved for one of the country’s first casino resorts, the report added.

The major cities of Tokyo, Yokohama, and Osaka have been mentioned in media reports and analysts’ notes as leading contenders for large-scale casino resorts in Japan.

Wilfred Wong Ying Wai, president and chief operating officer of Macau-based casino operator Sands China Ltd, confirmed to media last month that the Las Vegas Sands group – which controls Sands China –maintains its interestin investing in a casino resort in Japan.


Source: GGMB / GGR Asia / Japan Times