Timing may be dicey for Japanese casinos

Bloomberg – Japanese lawmakers supporting a bill to legalize casinos said it would be tough to pass the law by next month, a sign that the opportunity to link approval with the 2020 Olympics in Tokyo is diminishing. “Passing the casino bill in the current session of parliament will be tough,” Sakihito Ozawa, a lower house member, said today at a forum in Tokyo. Japan’s parliament, or Diet, meets until June 22 and the bill must be sent to the upper house at least 20 days before the session ends, he said. The country’s ruling party and business leaders including…

Japanese lawmakers to submit bill to legalize casinos

Bloomberg – Japan legislators plan to present a bill to legalize casinos as early as this year as companies including Wynn Resorts Ltd. mull billions of dollars in investment in what could be the world’s second-biggest gaming market. Hiroyuki Hosoda, the chairman of a cross-party group of lawmakers promoting casino development in Japan, said yesterday that the group aims to submit a casino bill to the next diet session that is expected to start next month. It aims to pass the bill next year in the following session of parliament, he said. Wynn Resorts yesterday said it will consider investing…