SINGAPORE (Dec 8): Japan parliament’s lower house has passed a bill on Tuesday to legalise casino gambling, and has sent it to be reviewed by the upper house, according to local media. The upper house is expected to enact the bill by next week.
Still, this does not mean casinos would be immediately legalised in the country. Credit Suisse analyst Danny Chan notes that regulators have to develop a plan to legislate the sector and that legislation is subject to approval in the next parliamentary session in 1HFY17.
Casino operators like Genting Singapore will only be able to get involved when the Japanese government issues a request for proposal (RFP), and the new casinos could likely open as early as 2020, after the Summer Olympics in Tokyo.
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