International edition
September 23, 2021

Analysts say Asian giants are one of the world's largest untapped markets

Japan: Gambling law delayed again

(Japan).- Due to a new blow to Prime Minister Shinzo Abe and his Abenomics Economic Stimulus Program, Japan's plan to legalize casino gambling is likely to be delayed yet again, a senior official said, as saying parliament is unlikely to have enough time to pass the necessary legislation during its current session, thus dealing a setback to the legalisation of casinos.

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as Vegas Sands, Genting Singapore, MGM Resorts, Melco Crown Entertainment and others are waiting in the wings as potential investors in what analysts say is one of the world’s largest untapped markets, worth tens of billions of dollars each year.

But parliament was unlikely to have enough time to pass the controversial law during the current session, which ends on November 30, the coalition official said.

"The hurdle is quite high for both the lower and upper houses to enact it" during the current session, Keiichi Ishii, policy chief of Komeito, the junior partner in Abe's coalition government, said, adding that there was concern among some Komeito members over the effects of gambling on society

Macau casino operators Las Vegas Sands, MGM Resorts International and Melco Crown Entertainment are among the companies attracted by a casino gaming market in Japan

 

 

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