Japanese government remaining committed to casino liberalization

March 17, 2022 Japan Crime & Legal

The Prime Minister for Japan has reportedly reaffirmed his government’s commitment towards premiering a liberalized land-based casino market in order to help the Asian nation improve its economy via an increase in inbound tourism.

According to a report from GGRAsia, the confirmation from Fumio Kishida (pictured) comes just six weeks before the deadline for Japanese communities to have submitted their official bids for one of three inaugural 40-year casino licenses. The source detailed that the leader, who replaced predecessor Yoshihide Suga in October, was one of the leading figures in helping to push through 2018’s gambling-friendly Integrated Resort Implementation Bill and believes the trio of planned Las Vegas-style developments will moreover assist his country in overcoming the negative financial impacts of the coronavirus pandemic.

Specific stipulations:

Sixty-four-year-old Kishida reportedly confirmed his ongoing support for the plan to bring three large casino resorts to Japan yesterday during a House of Councillors budget meeting as his nation looks for ways to overcome a mounting deficit of approximately $12.2 trillion. The Liberal Democratic Party legislator purportedly also noted that the integrated casino resort bids are to be accessed by a federal panel and be obliged to have incorporated multiple hotels, restaurants, exhibitions facilities and cultural elements.