Casino Bill: Japanese Parliament Poised To Approve Gambling Bill; Sites In Yokohama, Osaka, Greater Tokyo Touted
Japan is poised to become one of Asia’s biggest gambling hubs as lawmakers were poised Wednesday to approve legislation legalizing casino gaming.
The Diet was expected to consider a revised casino bill that could mean as much as $40 billion in annual revenue, an Osaka University of Commerce study indicated in 2009. Since then, however, casinos have opened across Asia and Russian border areas. A drop in Chinese gross domestic product also may cut the number of Chinese tourists Japanese casino proponents are hoping to attract.