The Japanese government on Tuesday began working on a second piece of legislation related to casino gaming in the country.
The draft statute referred to as the implementation bill, will detail the specifics for the casino industry in Japan: how casinos are administered and regulated; the taxation regime to be applied to them; their location; and the number of licenses to be issued.
“To realize clean casinos, we will introduce regulations at the world’s highest standards and develop a system to properly enforce them” Prime Minister Shinzo Abe was quoted as saying at the first meeting of the government’s task force.
“Through those measures, we aim to create attractive Japanese-style integrated resorts” Mr. Abe added.
(READ SO ONE OF THE ASIAN TIGERS COULD BE THE THIRD GLOBAL POTENTIAL GAMBLING MARKET)
Most major global casino operators have expressed an interest in developing an integrated resort including a casino in Japan. The list of potential suitors includes Las Vegas Sands Corp, MGM Resorts International, Genting Singapore Plc, Galaxy Entertainment Group Ltd, Wynn Resorts Ltd and Melco Resorts and Entertainment Ltd
