Legalized gambling bill in Japan takes effect

A new law legalizing casino gambling in the country took effect on December 26, local media reports. At the same time, discussions were initatied at a ministerial meeting on December 26 to legislate measures for problem gambling

The bill, which was met with controversy from inception to enactment, now makes it possible for the government to allow the building of integrated resort facilities in the country, it was enacted on December 15.

Most of the world’s casino majors have been eyeing the market’s potential, pledging to spend billions of dollars for the right to build a resort there.

MGM Resorts was one of the first operators to react to the news at the time, offering its congratulations to the Diet on passing the legislation.

“After years of study in the region, we believe the opportunity exists to drive significant growth in sustainable travel and tourism — particularly from international segments — along with the creation of thousands of jobs and long-term economic benefit,” it said in a statement.

The market is also being eyed by several big name operators including Las Vegas Sands, Bloomberry Resorts, Hard Rock Cafe International, Melco Crown Entertainment and Genting Singapore.

Meanwhile, the Japanese government reportedly launched discussions at a ministerial meeting on December 26 to legislate measures for problem gambling, according to local media.

The move follows criticism from lawmakers of both ruling and opposition parties that there was a lack of discussion on problem gambling measures during the enactment of the legislation.

“We need to take thorough measures to prevent easy gambling addiction, including from existing publicly managed racing and games,” said Chief Cabinet Minister Yoshihide Suga.

More news from this jurisdiction

JapanWednesday, Jun 21, 2017

City Councillor Hirotaka Ito has become the third candidate to throw his hat into the ring for the July 30 election for the Mayor of Yokohama, a major city being eyed by operators as a possible host for a large IR facility.

JapanTuesday, Jun 20, 2017

At Tuesday’s meeting of the Experts’ Committee advising the Japanese government on its IR Implementation Bill, a series of measures were proposed to keep a very tight regulatory lid on casino facilities.

JapanTuesday, Jun 20, 2017

Tomakomai city in Hokkaido, which is mulling the possibility of bidding for an IR license, is gaining support from the local business community.

JapanThursday, Jun 15, 2017

At Tuesday’s meeting of the Experts’ Committee advising the Abe government on its IR Implementation Bill, the issue of strict limitations on the total size of the casino space was a topic of debate.

JapanFriday, Jun 09, 2017

Japanese slot machine manufacturer, Universal Entertainment Corp says it is investigating the possibility of "fraudulent acts" related to a JPY 2 billion loan conducted by its founder and chairman Kazuo Okada in 2015.

JapanTuesday, Jun 06, 2017

Yokohama Mayor Fumiko Hayashi, previously known to support the idea of integrated resorts, has formally announced she will run for reelection against a candidate opposed to casinos, according to local sources.

JapanSunday, Jun 04, 2017

Las Vegas Sands is best positioned to win a gaming license in Japan due to its strong global track record, MorningStar analyst Chelsey Tam wrote in a note.