CASINO WORLD NEWS Japan to open its first-ever casino 2 months ago Iwo Bulski Post Views: 117 Officials in Japan have given the go-ahead for contentious plans to construct the nation’s first gambling resort. In 2029, the facility will debut in Osaka, a city in western Japan. In Japan, casinos have long been forbidden. However, a rule allowing exceptions to games like poker or baccarat was introduced in 2018 in an effort to increase tourism and create jobs. Some members of the public are worried about an increase in crime and gambling addiction. The 5.3 million square foot (49 acre) project will also have a hotel, convention center, mall, and museum in addition to the casino. “We hope (the casino) will become a tourism base that promotes Japan’s charms to the world,” – according to Prime Minster Fumio Kishida. The project has an initial investment of 1.8tn yen ($13.5bn, £10.7bn) with US-based casino operator MGM and Japan’s Orix Group each owning a 40% stake in the company. The other 20% will be owned by local companies such as West Japan Rail, Kansai Electric Power and Osaka-based Panasonic. Officials expect the resort to attract around 20 million visitors annually and bring in roughly 1tn yen in annual economic benefits to the region, according to a Japanese news service. The project was proposed years ago, but it was delayed due to the Covid-19 pandemic and a corruption scandal involving a ruling-party lawmaker who was accused of accepting bribes while in charge of casino policy. Japan is seen a promising market for gambling. It is the world’s third largest economy with a population of roughly 126 million. It also has close proximity to wealthy Asian gamblers, particularly from China. Macau is the only Chinese city where casino gambling is legal. A similar plan has been submitted by the Nagasaki prefecture to build a casino at Huis Ten Bosch, a Dutch-themed theme park. Source: theindependentghana.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: casino, Japonia, Osaka Continue Reading Previous Slotegrator signs partnership agreement with Apollo GamesNext Build a competitive casino with top games from Slotegrator’s partner OMI Gaming More Stories EXPERTS WORLD NEWS iGG Day Two Recap: A Successful Summit Comes To A Close 11 hours ago Iwo Bulski ONLINE WORLD NEWS Slotegrator presents a new bonus: ‘Wheel of Fortune’ 2 days ago Iwo Bulski EXPERTS WORLD NEWS Capitalising on iGaming: The Rise of Affiliate Programmes 3 days ago Tools ONLINE WORLD NEWS How to start an online casino in 2023 4 days ago Iwo Bulski HISTORY WORLD NEWS History of online casinos 4 days ago Samuel CASINO SOUTH AFRICA 240 gambling machines DESTROYED! 4 days ago Szarlot CASINO SOUTH AFRICA Ways to Have the Best Jackpot when You’re Playing the Best Casino Game 7 days ago Samuel CASINO WORLD NEWS The Impact Of Economic Recession On Land-Based Casinos 1 week ago Samuel ONLINE WORLD NEWS Can You Use a VPN for Sports Betting? 1 week ago Samuel EXPERTS WORLD NEWS How has the gaming industry changed in 2023? 1 week ago Iwo Bulski ONLINE WORLD NEWS Monthly active mobile gamers exceeded 200 mln in 2022 2 weeks ago Szarlot CASINO SOUTH AFRICA Biggest casino operator Tsogo Sun ups stake in hotel chain 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.