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Japan Starts Casino Legalization Debate in Earnest

Japan Starts Casino Legalization Debate in Earnest

Japanese lawmaker Takeshi Iwaya, a leading proponent of land casino legalization: ‘It’s best to strike while the iron is hot!’ (Image: JapanDailyPress.com)

The earth’s casino leaders will likely be closely watching developments in Japan next week due to the fact nation’s parliament referred to as Diet is anticipated to begin debating a bill that seeks to legalize and regulate casino gambling that is land-based. Japan sometimes appears being a sleeping giant associated with the industry: it’s estimated that a regulated casino market here could eventually generate $40 billion in income annually, which would make it the next largest in the world, after Macau. And Japan’s politicians are desperate to find new methods for revitalizing the economy and profit from the Tokyo that is upcoming olympics 2020.

Hit Even Though The Iron is Hot

The country’s ruling Liberal Democrat Party submitted a bill to parliament in early December which is backed by friends in excess of 200 lawmakers. Additionally, Liberal Democrat Takeshi Iwaya, a respected proponent of the bill, said he had recently secured support for the bill from a coalition partner and members of the opposition party that is main.

‘We are getting close to starting debate,’ he stated this week. ‘It is best to strike while the iron is hot.’

Meanwhile, Prime Minister Shinzo Abe has been visiting casino resorts in Singapore, where he expressed his interest in the good impact that s Continue reading Japan Starts Casino Legalization Debate in Earnest