January 16, 2017
Japan Casinos A Big Deal But Still Not a Done Deal
by Muhammad Cohen
When Japanese lawmakers passed the Integrated Resort Promotions Bill in December, they answered decades of prayers from casino operators around the world. Casino legalization in Japan is Asian gaming’s most wanted rule change, given that casinos in mainland China are an impossible dream. Even after more than a quarter century of recession and stagnation, Japan is still the world’s fourth largest economy – between India and Germany – offering a sizable domestic market of 125 million with a penchant for other forms of gambling. Japan is also an attractive tourist destination that the government hopes integrated resorts will enhance. But legislation passed last month was just the first step in a process that promises to be as lengthy and as uncertain of a winning outcome as this first step was.
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