In light of the goal to legalize casinos before the 2020 Olympics
Railway Keikyu considering developing a casino in Japan
2014-08-21
Reading time 30 seg
(Japan).- Railway Keikyu said it is aiming to open an integrated resort facility featuring a casino to tap an increase in foreign tourists.Subject to the enactment of gambling bills, Keikyu plans to build the facility on Yamashita pier in Yokohama or in Tokyo’s Odaiba waterfront area before the 2020 Olympics.
Keikyu will meet with a project team Saturday and plans to form a syndicate for the project with trading houses, developers and local businesses. It estimates that total investment will reach ¥500 billion to ¥600 billion.
Casinos are not yet legal in Japan and a bill to legalize them is being deliberated by the Diet. Since Yokohama City Hall set up a project team on integrated resorts in April, Keikyu plans to confer with it on the matter.
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