Japan's Casino Bill Advances Out Of Lower HouseMeasure Could Become Law By End Of Next Week: Report |
|
The lower house of the Japanese parliament on Tuesday passed a bill to allow Las Vegas-style casinos. The upper house is currently reviewing the legislation, according to The Wall Street Journal.
The lower house approval came just days after a committee signed off on the measure.
Prime Minister Shinzo Abe reportedly plans to enact the bill before the current legislative ends next week. Additional legislation would be required to implement the bill.
While it’s unclear where the billion-dollar casinos would be built, past discussions included Tokyo and Osaka. Originally, international casino developers and Japanese officials wanted to bring casinos to the country in time for the 2020 Olympic Games in Tokyo.
Casino legalization didn’t happen soon enough, so that plan is off the table. Still, the Japanese casino gambling market is estimated at $40 billion annually.
Nevada-based MGM Resorts International and Las Vegas Sands Corp. have each signaled their intent to pitch $10 billion casino resorts to Japanese officials. Wynn Resorts and Caesars Entertainment Corp. have also expressed interest in the country.
Japan has looked at casinos since late 2012.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
aaa.jpg)
