Legislation
Japan – Lawmakers outline regulator plan
By Lewis - 8 October 2013
Lawmakers in Japan have revealed plans to establish an independent gaming regulator modelled on the authorities that police casinos in Las Vegas and Singapore under a draft outline to legalise gambling in a market seen as potentially the second-largest in the world.
The policy outline, which was prepared by Japanese lawmakers who favour casinos, outlines broad standards for licensing and regulating casino operators and their partners. After more than a decade of lobbying by lawmakers, a bill to legalise casino gambling is seen as having a good chance of passing in the coming months with the business-friendly Liberal Democratic Party in power and after Tokyo – a likely casino host – won the bid to host the Summer Olympics in 2020.
MGM Resorts International, Las Vegas Sands Corp , Melco Crown Entertainment and Wynn Resorts Ltd are among the global operators that have shown interest in developing a casino resort in Japan.
