Innovation to advise team on casino resort legalization in Japan

The Innovation Group has been selected as the industry advisor to the the team chosen by the Cabinet Secretariat of Japan tasked with studying changes to legislation that will allow integrated casino resorts to operate in Japan.
The study led by Deloitte Touche Tohmatsu will assess the social and economic impacts of legalizing integrated casino resorts and is the latest effort by Japan to give consideration to opening up its gambling industry.
Michael Soll, president of Innovation Group, said the it is hoped the legislation will be passed this year.
“The outcome of this research report will help to shape the proposed legislation that we hope will be passed this year,” said Soll.
 Steven Rittvo, Innovation chairman, said the study gives the company an opportunity to expand its presence across Asia.
“This project in Japan gives The Innovation Group an opportunity to continue recent efforts to allow for Integrated Casino Resorts to be implemented in the Pacific Rim, including Macau, Singapore, Vietnam, Cambodia, Australia, Vladivostok, Saipan, Laos, Korea and Taiwan,” said Steven Rittvo, Chairman.

More news from this jurisdiction

JapanThursday, Mar 22, 2018

The Japanese government leaked to the media on Thursday that operators are likely to be required to report any casino chip-cash exchanges that exceed 1 million yen (about US$9,500).

JapanWednesday, Mar 21, 2018

The Japan Gaming Congress expects to attract even greater support in 2018 after holding the largest event of its kind in Japan last year, organizer Clarion Gaming says.

South Korea, Mainland China, JapanTuesday, Mar 20, 2018

Mobile games are likely to grow by more than 8 percent per year through 2020, far outstripping growth for the PC and consoles, according to Daniel Kashti, chief marketing & commercial officer of Kama Games.

South Korea, Greater China, JapanTuesday, Mar 20, 2018

eSports global revenue for 2017 was estimated to be US$696 million and is expected to more than double to US$1.5 billion by 2020, with the Asia Pacific heading growth, according to Newzoo, a market intelligence firm.

JapanSunday, Mar 18, 2018

According to a local media report, the Tomakomai municipal authorities have compiled their interim report on the IR they hope to build, projecting a US$2-3 billion investment by the time the facility’s doors open.

JapanFriday, Mar 16, 2018

The IR implementation bill won’t be submitted to the legislation this month, as had been planned, throwing doubt over the timetable for the bill.

JapanWednesday, Mar 14, 2018

Six local medical and children’s organizations have presented a petition to the local government opposing any IR bid from within the prefecture.