Reported Morgan Stanley

Japan may legalise casinos this year

2013-06-17
Reading time 31 seg
(Japan).- A bill legalising casinos in Japan is expected to be passed by year-end, Morgan Stanley says in a report issued last week. Analysts Praveen Choudhary and Mia Nagasaka wrote: “Japan is the closest it has ever been to passing a bill legalising casinos.” They say the first land-based casinos could open in 2019-20 at earliest.

Several international casino operators, including Las Vegas Sands – the parent of Macau-based casino operators Sands China – have already expressed interest in Japan. US-based Wynn Resorts, which controls Wynn Macau, has also hinted its interest. 

Last week, opposition party Japan Restoration Party submitted a bill for legalising casinos to the Diet, the country’s Legislative Assembly.

It broke ranks with a 140-member cross-party group that wants to delay such a move until after upper house elections scheduled for July.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR