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Casinos in Japan

December 8, 2011 :150 legislators plan to introduce a gambling bill....but don't expect it to include online provisions just yet.
 
The Bloomberg business news agency has reported an initiative by 150 Japanese legislators aimed at introducing land casinos to a nation hungry for some serious slot and table gambling action...and a government that needs funds following recent earthquake and tsunami catastrophes.
 
But don't hope for online provisions in the proposal; it is being vigorously pushed by Las Vegas gambling mogul Sheldon Adelson, who just this week has voiced his personal opposition to internet gambling.
 
Adelson and his vast corporate Las Vegas Sands has been trying to get land gambling casinos into Japan for the past five years, according to the report, only to be thwarted by Japanese lawmakers arguing that there are dangers from organised crime and that casinos provide little public benefit.
 
This time around the prospects look better for the approval of strictly controlled hotel resorts with slot machines and gaming tables. The government needs the tax revenue, and there is pent up demand in one of the world's largest economies.
 
Analysts estimate that Japanese land casinos could generate as much as $44 billion (3.4 trillion yen) in time, providing a welcome source of tax revenues for a government facing a daunting 19 trillion yen reconstruction bill from the natural disasters that befell the nation earlier this year, exacerbating an already serious sovereign debt situation.
 
Strictly regulated land gambling could be an engine for fiscal revival and job creation that wouldn’t require raising taxes, Takeshi Iwaya, a member of the group of bi-partisan legislators from six parties, argued this week.
 
Issei Koga, who leads the group, says that he plans to introduce the bill during the Diet session that begins next month, because time has run out on advancing the proposal during the current session, which ends December 9.
 
Several other land gambling executives have voiced hopes for market liberalisation in Japan and possibly Taiwan, including Lawrence Ho of Melco Crown Entertainment Ltd. and Steven Tight, president for international development for Las Vegas-based Caesars Entertainment Corp.
 
“There just seems to be a very strong affinity to that sort of entertainment,” said the latter.
 
MGM Resorts International (MGM) is reportedly also closely monitoring Japan’s moves toward casino legalisation, according to Ed Bowers, the company’s senior vice president for hospitality, whilst Nanami Kasasaki, Genting Singapore plc’s representative director for Japan, said her company is watching developments as well.
 
Supporters of the new legislative initiative point to Singapore as an example of how casinos can generate cash without attracting the crime that opponents of gambling fear.
 
The city-state will raise an estimated $1 billion in gambling taxes this year, and rival Macau off the Chinese mainland could pull in up to $13 billion in taxes this year from its 34 casinos.
 
The rewards from Japanese land casino operations could be very significant. Gambling genres already allowed in Japan, such as pachinko and betting on bicycle, motorboat, motorcycle and horse races, earned more than 25 trillion yen, or about $322 billion, last year, according to a 2011 White Paper on Leisure published by the nonprofit Japan Productivity Center.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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