Japanese lawmaker Takeshi Iwaya, a proponent that is leading of casino legalization: ‘It’s best to hit even though the iron is hot!’ (Image: JapanDailyPress.com)
The earth’s casino giants will be closely watching developments in Japan a few weeks since the country’s parliament known as the Diet is anticipated to start debating a bill that seeks to legalize and regulate casino gambling that is land-based. Japan is observed as being a sleeping giant associated with the industry: it is estimated that a regulated casino market there could eventually generate $40 billion in income annually, which would make it the 2nd largest on earth, after Macau. And Japan’s politicians are desperate to find new ways of revitalizing the economy and cash in on the future Tokyo Olympics in 2020.
Strike As The Iron is Hot
The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December which is supported by an organization of more than 200 lawmakers. Also, Liberal Democrat Takeshi Iwaya, a number one proponent of the bill, said he had recently secured support for the bill from a coalition partner and users of the opposition party that is main.
‘We are approaching starting debate,’ he said 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 positive effect that such ventures may have on the ادامه خواندن “Japan Begins Casino Legalization Debate in Earnest”