Japan To Consider Casino Bill By Year's EndVote Expected Sometime Next Month: Report |
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After years of false starts, Japanese lawmakers are set to vote on a casino bill later this year, according to a report from CNBC.
The report said that three pro-casino officials were elevated to top government spots in August by the prime minister, providing momentum for what has been a highly-contested issue.
Supporters tout the potential $40 billion gambling market, but opponents cite research that shows gambling addiction in Japan happens at five times the rate of other advanced economies.
There was once hope to have a Las Vegas-style casino in Tokyo in time for the 2020 Olympic Games, but lawmakers were unable to approve casino gambling in time.
Tokyo and Osaka are the two cities being eyed for the “integrated resorts.”
The casino bill was put on hold most recently in March.
The top government officials plan to have a vote by the end of next month, the report said.
Toshihiro Nikai was appointed secretary-general, Hiroyuki Hosoda became General Council chairman and Toshimitsu Motegi was named policy chief. The three reportedly held a meeting Thursday in which they confirmed their intention to have the bill passed during the current parliamentary session, which ends on Nov. 30.
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