Shinzō Abe is the current Prime Minister of Japan, re-elected to the position in December 2012. Abe is also the President of the Liberal Democratic Party (LDP).
Japan’s government is unlikely to table a bill to restrict horse racing or its pachinko industry in tandem with regulation to introduce casinos into the country, Union Gaming said in a note.
Prime Minister Shinzo Abe on Tuesday officially kicked off the inaugural meeting of the government task force aimed at mapping out casino regulations in the country.
The enabling bill passed in the eleventh hour of the final Diet session of the year in a day of political high drama.
The passage of Japan’s Casino Bill into law in the early morning hours of December 15, 2016, was achieved only after a bruising political struggle.
Japan is likely to adopt gaming regulations that are similar to Singapore, with limited license and an entrance fee for locals, Fitch Ratings says in a report.