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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 :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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