Report: Japan Casino Bill Clears Committee VoteMore Consideration From Lawmakers To Come This Week |
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Legislation that would finally bring Las Vegas-style casinos to Japan advanced out of a committee on Friday, according to a report from the South China Morning Post.
The lower house committee in the Japanese Parliament spent six hours debating the bill. Prime Minister Shinzo Abe reportedly supports the plan. Another vote could happen this week.
Experts predict that Japan’s casino gambling market could be worth $40 billion a year. Thanks to Macau’s decline, that would give the country the largest gambling market in the world.
Casinos are tentatively planned for Tokyo and Osaka.
The progress this year has led to the likes of Nevada-based MGM Resorts saying that it would be interested in a $10 billion casino-resort should lawmakers legalize gambling. That’s about the same amount that rival Las Vegas Sands said it would invest there.
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