• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Japan casino bill terms likely tough for industry: MP

May 10, 2018 Newsdesk Japan, Japan Gaming Congress 2018, Latest News  


Japan casino bill terms likely tough for industry: MP

The exclusivity period envisaged for casino licences under the Integrated Resorts (IR) Implementation Bill submitted to Japan’s parliament was probably too short to attract a “significant investment”, said an independent lawmaker on day one of the Japan Gaming Congress in Tokyo.

Figures of as much as US$10 billion for a single Japan gaming resort have been mentioned by casino firms and investment analysts.

“Ten years could be the guideline in order that there will be significant investment,” said Mito Kakizawa (pictured), a member of the House of Representatives. Mr Kakizawa mentioned the possibility of a three-year exclusivity, although Japanese brokerage Nomura said in an early April note there might be a seven- to 10-year exclusivity period.

The independent MP at Thursday’s discussion panel also suggested that – under the current regime being discussed by lawmakers – the tax burden on the industry could be as high as 50 percent of revenue.

This would be a “significant burden” on the industry,” said Mr Kakizawa.

But Kiyohiko Toyama, member of the House of Representatives for Komeito – the junior partner in Japan’s governing coalition with the Liberal Democratic Party – speaking on the same panel, pledged that the tax burden “would not be as high as 50 percent”.

Mr Kakizawa said that licensing for Japanese resorts – three are envisaged in the first stage – would be in 2024 “at the earliest”.

Mr Toyama noted that the process was a complex one; with 251 articles in the IR Implementation Bill.

The independent MP, Mr Kakizawa, noted that Japan’s political parties were talking about “unifying” their efforts to create a separate parliamentary bill to deal with problem gambling, rather than producing individual proposals party by party.

Integrated resorts were a key component in the post-industrial regeneration of the Japanese economy, said at the same session  a leading member of Nippon Ishin no Kai, known in English as the Japan Restoration Party.

Nobuyuki Baba, a member of the House of Representatives, said of the casino initiative: “It would be nice to have this engine to drive Japan in the coming years.”

The Japan Restoration Party stemmed from an initiative out of Osaka in October 2015 from a split in the Japan Innovation Party.


  • tweet
Related articles
  • Japan govt may nod Osaka IR plan within January: MP
    Japan govt may nod Osaka IR plan within...

    Dec 23, 2022  

  • MP tied to key Osaka party bids Japan nod local IR this year
    MP tied to key Osaka party bids Japan...

    Dec 01, 2022  

More news
  • Junket boss Levo Chan heard okaying illicit bets: court
    Junket boss Levo Chan heard okaying...

    Jan 30, 2023  

  • Macau visitor momentum kept for post CNY weekend
    Macau visitor momentum kept for post...

    Jan 30, 2023  


Latest News

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

A Macau court was offered evidence on Monday, including of recordings from police-wiretapped telephone conversation, that the prosecution says proves the direct involvement of Levo Chan Weng Lin...
Read More
Macau visitor momentum kept for post CNY weekend

Macau visitor momentum kept for post CNY weekend

Jan 30, 2023  

South Korea extends travel restrictions on China arrivals

South Korea extends travel restrictions on China arrivals

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


451,047

Aggregate number of visitors to Macau during the Chinese New Year holiday period



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us