Japan may legalise casinos this year

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Several international casino operators, including Las Vegas Sands have already expressed interest in Japan.

A bill legalising casinos in Japan is expected to be passed by year-end, Morgan Stanley says in a report issued last week.

Analysts Praveen Choudhary and Mia Nagasaka wrote: “Japan is the closest it has ever been to passing a bill legalising casinos.” They say the first land-based casinos could open in 2019-20 at earliest.

Several international casino operators, including Las Vegas Sands – the parent of Macau-based casino operators Sands China – have already expressed interest in Japan.

US-based Wynn Resorts, which controls Wynn Macau, has also hinted its interest.

Last week, opposition party Japan Restoration Party submitted a bill for legalising casinos to the Diet, the country’s Legislative Assembly.

Source: yogonet.com

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