• 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 floor limit to be set by govt: report

Apr 19, 2018 Newsdesk Japan, Latest News, Top of the deck  


Japan casino floor limit to be set by govt: report

The latest draft of Japan’s ruling coalition’s Integrated Resorts (IR) Implementation Bill does not include a requirement that only 3 percent of the total gross floor area of a resort could be allotted for gaming, reported Reuters news agency.

Instead, the limit for the gaming area in such resorts will be set by the government, although it is not clear at what level, said the news agency, claiming to have seen the latest draft of the bill.

A statute making casino gambling legal in Japan came officially into effect in December 2016. The second piece of legislation – the IR Implementation Bill – now needs to be approved detailing the specifics: how casinos are administered and regulated; the taxation regime to be applied to them; and the number of licences to be issue

Earlier this month, it had been reported that the governing coalition – the Liberal Democratic Party (LDP) and its partner Komeito – had reached consensus on all 11 key big-picture policy areas regarding creation of a casino industry, including restricting the size of a casino to only 3 percent of the gross floor area of any resort.

Investment analysts covering the gaming sector have mentioned that a floor space cap could hinder investments in Japan’s nascent casino industry.

Reuters quoted Jay Defibaugh, an analyst at brokerage CLSA, as saying: “The floor space restriction of 3 percent … is a burden for anything but a very large integrated resort.”

Japan’s governing parties seek to submit the IR Implementation Bill to the country’s parliament on April 27, Kyodo news agency reported earlier this month. Chikako Ikeda, an official at the LDP’s political affairs committee, confirmed the intended timeline to Reuters.

According to the media outlet, other key points in the draft bill were in line with those agreed by the coalition, including an initial cap of three casino resorts nationwide, a 30 percent tax on casino gross gaming revenue (GGR), and an entry levy of JPY6,000 (US$56) for Japanese citizens and residents wishing to enter such venues.

Banking group Morgan Stanley says the broad regulatory framework for Japan so far agreed between the governing coalition was “better than feared”.

Japanese brokerage Nomura said in a note earlier this month it thought the IR Implementation Bill would not be passed until either the second half of 2018 or the first half of 2019.

It could be the year 2025 before the actual launch of a casino venue, a number of industry voices have suggested.


  • tweet
Related articles
  • Casino firm Paradise Co slips to negative EBITDA in 1Q
    Casino firm Paradise Co slips to...

    May 12, 2022  

  • Japanese back to S. Korea good for Paradise Co: broker
    Japanese back to S. Korea good for...

    May 10, 2022  

More news
  • Foreign tourists can get S.Korean peninsula visa from June 1
    Foreign tourists can get S.Korean...

    May 20, 2022  

  • Crown Resorts’ shareholders nod Blackstone bid
    Crown Resorts’ shareholders nod...

    May 20, 2022  


Latest News

Foreign tourists can get S.Korean peninsula visa from June 1

Foreign tourists can get S.Korean peninsula visa from June 1

May 20, 2022  

South Korea on Thursday said it would from June 1 resume issuing short-term tourism visas for trips to the country’s mainland, for individual visitors and groups of tourists. Permits for...
Read More
Crown Resorts’ shareholders nod Blackstone bid

Crown Resorts’ shareholders nod Blackstone bid

May 20, 2022  

JP Morgan ups Aristocrat profit forecast 8pct for FY2022

JP Morgan ups Aristocrat profit forecast 8pct for FY2022

May 20, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Revenue at Okada Manila] will be around 80 percent of the pre-pandemic level in 2022 before recovering almost fully in 2023"

Satoru Aoyama, Akash Gupta and Kalai Pillay

Analysts at credit rating agency Fitch



Most Popular

  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
  • Melco to launch family attraction at Studio City in JuneMelco to launch family attraction at Studio City in June May 19, 2022
  • Bloomberry plans 3rd Philippine casino, coastal near ManilaBloomberry plans 3rd Philippine casino, coastal near Manila May 19, 2022
  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us