Following the Friday passage of a frame bill regarding “gambling addiction” from the House of Councillors, the upper house of Japan’s parliament [Diet], work is now set to start in both the local authorities and national level to enter practice public policy measures to deal with the topic.
Previously in Japan, there was widespread reports that enactment of the step, the Basic Bill Gambling Addiction Countermeasures, was deemed a essential precursor to the emergence of integrated hotels in Japan.
GGRAsia reports that according to information it has accumulated, required by the statute in question would be for the simple outline for gambling dependence measures to be prepared by the central authorities and also the plan of execution concerning such measures to be prepared by local governments.
Not only casino gambling is encompassed in the bill and its policies, but also to be included are pachinko and spectator events such as horse racing and boat, bicycle and bike races, which current regulations make it possible for players to wager on.
After the anti-addiction frame has been passed, Japan’s parliament is expected to start the discussion at a committee of the upper house concerning the Integrated Resorts (IR) Implementation Bill, having an anticipated resolution date of July 19, before the expansion of the current 150-day regular Diet session that ends July 22.
Passed on June 19 from the House of Representatives, should the IR Implementation Bill receive the nod at the current Diet session, GGRAsia reports a range of business executives anticipate that sometime around 2020, the first casino permit will be issued, with an expected opening date for its first integrated resorts (IRs) at roughly 2025.
In related news, not merely is it Caesars Entertainment Corporation (Nasdaq: CZR) reportedly scouting the Japanese entertainment market for an expected theater for an IR, but the Las Vegas-based casino giant has also improved its lobbying efforts for its right to deliver a hotel to the island nation having sponsored a high-value concert on June 26 in the Tokyo Dome from Canadian singer, Celine Dion.
