• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Japan IR Implementation Bill in lower house today

May 22, 2018 Newsdesk Japan, Latest News, Top of the deck  


Japan IR Implementation Bill in lower house today

Japan’s lower parliamentary chamber is expected to start discussions today (Tuesday) on the bill setting the broad regulatory framework for the establishment of a casino industry in the country. The document – known as the Integrated Resorts (IR) Implementation Bill – was submitted to Japan’s parliament, a body known as the Diet, on April 27.

According to GGRAsia’s Japan correspondent, the Steering Committee of the House of Representatives – the parliament’s lower chamber – decided during a meeting on Monday to start discussing the IR Implementation Bill at a plenary session taking place this afternoon.

Japanese Prime Minister Shinzo Abe is expected to attend the plenary meeting this afternoon, said our correspondent. Mr Abe’s government had said it expected the IR Implementation Bill to pass the Diet during the ongoing session through June 20.

The parliamentary membership of Japan’s two governing parties – the Liberal Democratic Party (LDP) and its smaller partner Komeito – is said to expect the IR Implementation Bill to pass the lower chamber by early June. The bill will then move to the upper house – the House of Councillors – for further discussion and voting.

It is not guaranteed however that the bill can be passed through both houses of the Diet before the official ending on June 20 of the current parliamentary session.

According to GGRAsia’s correspondent, the two governing parties are mulling an extension of the current session by “around a week”, in order to make sure that the bill can pass both houses of the Diet.

The IR Implementation Bill proposes an initial cap of three casino resorts nationwide, and a fixed tax rate of 30 percent on any casino gross gaming revenue (GGR) generated by that country’s proposed gaming resorts. It sets a JPY6,000 (US$54) casino entry fee for locals for 24-hour access, and limits casino visits by Japanese to three times a week and 10 times per month in aggregate.

Yasutoshi Nishimura, Japan’s Deputy Cabinet Secretary, said in an address to the industry at the Japan Gaming Congress in Tokyo on May 10 that he “hoped” opposition parties, including the Japan Restoration Party, would support the casino liberalisation initiative.


  • tweet
Related articles
  • 2020 pandemic forced casinos to evolve: experts
    2020 pandemic forced casinos to evolve:...

    Dec 31, 2020  

  • Japan tax plans show Suga govt still pushing IRs: Nomura
    Japan tax plans show Suga govt still...

    Dec 16, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us