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Japanese lawmaker Takeshi Iwaya, a leading proponent of land casino legalization: ‘It’s best to strike although the iron is hot!’ (Image: JapanDailyPress.com)
The world’s casino giants are closely watching developments in Japan next week as the country’s parliament referred to as Diet is expected to begin with debating a bill that seeks to legalize and regulate casino gambling that is land-based. Japan is observed as being a sleeping giant of the industry: it is estimated that a regulated casino market there could eventually generate $40 billion in revenue yearly, which would make it the 2nd largest on earth, after Macau. And Japan’s politicians are desperate to find new methods of revitalizing the economy and profit from the Tokyo that is upcoming olympics 2020.
Strike Although The Iron is Hot
The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December which is backed by friends in excess of 200 lawmakers. Also, Liberal Democrat Takeshi Iwaya, a leading proponent of the bill, stated he had recently secured support for the bill from a coalition partner and people of the primary opposition party.
‘We are approaching starting debate,’ he stated this week. ‘It is better to strike while the iron is hot.’
Meanwhile, Prime Minister Shinzo Abe has been visiting casino resorts in Singapore, where he indicated their interest in the good effect that such ventures might have on the economy that is japa ادامه مطلب