Japan Starts Casino Legalization Debate in Earnest

Japan Starts Casino Legalization Debate in Earnest

Japanese lawmaker Takeshi Iwaya, a leading proponent of land casino legalization: ‘It’s best to strike as the iron is hot!’ (Image: JapanDailyPress.com)

The world’s casino leaders is closely watching developments in Japan a few weeks because the country’s parliament referred to as Diet is anticipated to begin with debating a bill that seeks to legalize and regulate casino gambling that is land-based. Japan is seen being a sleeping giant for the industry: it’s estimated that a regulated casino market there could eventually generate $40 billion in income yearly, which would make it the next largest worldwide, after Macau. And Japan’s politicians are wanting to find new ways of revitalizing the economy and profit from the Tokyo that is upcoming olympics 2020.

Strike Even Though The Iron is Hot

The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December which is supported by an organization greater than 200 lawmakers. Additionally, Liberal Democrat Takeshi Iwaya, a respected proponent of the bill, stated he had recently secured support for the bill from a coalition partner and members of the opposition party that is main.

‘We are getting close to starting debate,’ he said this week. ‘It is best to strike while the iron is hot.’

Meanwhile, Prime Minister Shinzo Abe has been visiting casino resorts in Singapore, where he expressed their interest in the positive effect that such ventures might have Continue reading “Japan Starts Casino Legalization Debate in Earnest”