Koichi Hagiuda (pictured, right), a special adviser to Japan’s prime minister Shinzo Abe, told the opening session of the Japan Gaming Congress in Tokyo he “wanted to correct a misunderstanding” about casino resorts being open in time for the 2020 summer Olympics.
He said: “It [linkage to the Olympics] was just to give us the momentum.” Mr Hagiuda added that there was currently a backlog of legislation for the cabinet office to deal with.
Sakihito Ozawa, a member of the House of Representatives for the Japan Restoration Party, warned it would be “tough” to pass the the initial enabling bill by the end of the current Diet session in five weeks.
“It has to pass the upper house, and they behave differently to the lower house. The current session ends on June 22 and the bill must be passed 20 days before the end of the session – which means the bill would need to be submitted by the end of May,” said Mr Ozawa.
He added: “It would be very tough to pass this bill by the end of this [Diet] session.”
Prior to the conference – which is being attended by top casino executives including Michael Leven, chief operating officer of Las Vegas Sands Corp – James Murren, MGM Resorts International chief executive, told Bloomberg News: “The longer the delay, the more the missed opportunities.”
Jul 20, 2018Japan’s Integrated Resorts (IR) Implementation Bill passed into law on Friday evening after a plenary session of the upper house of the country’s parliament. The passage of the second of two...
Jul 20, 2018
Jul 20, 2018
"The [Macau] government has a lead in this subject in regards to what should be done after the [gaming] concessions expire. We will be first listening to what the government will say”
Ambrose So Shu Fai
Vice-chairman and chief executive at Macau casino operator SJM Holdings