Legalized gambling could be in the cards for Japan

japan 3Japan has taken a step closer to introducing a legalised gambling market after a bill to allow the opening of casino-based Integrated Resorts was submitted to the country’s parliament.

According to the PokerNews.com website, if approved the bill could lead to the creation of one of the world’s largest gambling markets, third only behind Macau and the US.

The bill has gained support from a number of political parties in the country and is expected to be both discussed and passed by August – when the current parliament ends.

Japanese Prime Minister Shinzo Abe has also voiced his backing for the bill, estimating that a legalised gambling market could help generate extra revenue of $40 billion (€35.6 billion) per year…

iGaming Business

Related Stories from This Week in Gambling:

  • Tribal recognition & casino talk The Ridgefield Press - Three state recognized tribes that are seeking federal recognition could push to open more casinos across Connecticut, which has local officials worried about traffic and land claims in the area. The Golden Hill Paugussetts in Colchester and Trumbull, the […]
  • Japan parliament will debate casino bill next week Reuters - A Japanese opposition politician on Thursday submitted a set of demands to ruling party lawmakers who are proposing a bill to legalise casino gambling, pushing back much-awaited parliamentary debate to next Wednesday at the earliest. The delay raises the risk of the bill […]
  • Bloomberry Resorts & Japanese firm discuss casino partnership Reuters - Philippine leisure and gaming firm Bloomberry Resorts Corp is in talks with a potential Japanese partner for what could be the company's maiden overseas venture, its chief executive officer said on Thursday. The talks are in preparation for bidding for a gaming license if […]