The casino giant celebrated the Japanese government’s effort to regulate the gaming industry and legalising casinos.
Japan.- The lower house of the Japanese Parliament approved the integrated resorts (IR) implementation bill and, as the Diet session got extended, everything indicates that the casino industry will be legalised in the country. Gaming giant Caesars Entertainment has praised the ruling coalition’s effort and “thoughtful approach” to the industry’s regulation, celebrating the imminent legislation.
“We appreciate the thoughtful process the government has undertaken to ensure the strongest regulatory environment and focus on creating resorts unique to Japanese culture. Assuming the legislation passes the upper house, we think the first licences might be awarded in late 2020 with first resorts opening in 2025,” Caesars’ EVP for public policy and corporate responsibility Jan Jones told Totally Gaming, adding: “Caesars has been working in Japan for 15 years and we are excited and appreciative that the government appears poised to pass IR regulation and legislation.”
Should the bill get passed in the House of Councillors, the casino industry will be able to arrive in Japan and it is expected that the first licences will be issued by 2020. Integrated resorts would then be built in three different locations in the archipelago and forecasts have them beginning operations around 2025.
Source – Igaming world