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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 :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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