• 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
  • Macau GGR recovery continuing solidly: JP Morgan
    Macau GGR recovery continuing solidly:...

    Mar 06, 2023  

  • L&W posts US$21mln profit in 4Q, revenue up 18pct y-o-y
    L&W posts US$21mln profit in 4Q,...

    Mar 02, 2023  

More news
  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  


Latest News

Nagasaki says Credit Suisse woes not to impact IR plan

Nagasaki says Credit Suisse woes not to impact IR plan

Mar 20, 2023  

Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
Read More
Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Mar 20, 2023  

Let’s Win hosts grand opening for club at Hoiana in Vietnam

Let’s Win hosts grand opening for club at Hoiana in...

Mar 20, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


1.59 million

Total number of visitor arrivals to Macau in February



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us