Study: 5 Percent Of Adults In Japan Addicted To Gambling And Casinos Haven't Even Opened YetTop Casino Firms Salivating Over Olympics Tourism Boom |
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Some of the top casino companies in the world are eyeing a potentially lucrative Japanese gambling market leading up to the 2020 Olympic Games in Tokyo. This is despite a new report this week that said a huge number of people in the country are addicted to gambling
According to The Japan Times, more than five million people, which is nearly five percent of the adult population, can be classified as gambling addicts.
This research is from a team with the health ministry.
It reportedly is the first time that such a figure has been disclosed in Japan.
Gambling is limited in Japan, as people typically gamble at pachinko parlors.
Japan has around 128 million people and is the world’s third-largest economy. Betting currently exists on pachinko, a popular pinball-like slot machine that awards prizes.
The report added more detail:
According to the research, 4.38 million men, accounting for 8.7 percent, and 980,000 women, or 1.8 percent, are suspected to suffer from gambling problems, totaling 5.36 million people or 4.8 percent of the adult population in the country.
The news comes the same week as reporting from Bloomberg that MGM Resorts International has “scouted the world’s biggest fish market” for a possible Japan casino.
Las Vegas casino boss Sheldon Adelson not long ago pledged to spend $10 billion on a Japan casino complex. Caesars reportedly would invest half of that to build one.
Las Vegas-style casinos haven’t yet been authorized in Japan. That could happen this fall, though, as lawmakers will ponder the issue after failing to legalize anything this summer.
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