Japan’s National Diet has announced that in August, the special commission that was set to come up with casinos master plan will be ready.
In the master plan, the commission says that among the things that will be captured will be the site to build each of the two Japan casinos that have been proposed to be constructed in the country’s initial casino establish phase.
Other things in the master plan include how the casinos will be built, who will and won’t be allowed to get into a gaming casino, how each casino will be taxed and some other intricate gaming regulations.
The special commission has already tipped that the task rests in the able hands of Japanese PM Shinzo Abe together with the National Diet.
According to GGRAsia, a journal that focuses on how gambling market is done in the whole of Asia confirmed that the closed-door meeting between the PM and individual commission members agreed on the best way to move forward about Japan’s new gaming market.
Remember that Japan through its National Diet passed a proposal in December 2016, which legalized the construction of the two first gaming facilities.
Even then, both the Prime Minister and the National Diet knew that commencement of any casino construction would not start soon afterward, but it would take a little more time. During this period, the special commission and the National Diet are currently working on a piece of legislation, which is more comprehensive compared to the first one issued in December. The latter is aimed at streamlining all casino business, at least for now.
At the moment, all 475 members of Japan’s House Representatives, as well as 242 House Councilor representatives, are busy drafting what will be the blueprint of the Integrated Resorts Regime Promotion that will be unveiled at the end of this year’s summer.
However, even before the unveiling of what the special commission and all the members of House Representatives and the House Councilor members, the initial regulation outline that would have been drafted, would have been given to the public. The aim for this is to allow the public to give their views on the regulation. Te exact time for this exercise is not known for now. Was The Resorts World Casino In Philippines Attacked By ISIS TERRORISTS?
The seemingly new casino industry in Japan is expected to add over $25 billion each year.
Because of that ‘huge’ projection, some international gaming giants have promised to invest millions of dollars in this new gaming market in the East. Some have even pledged to inject as much as $10 billion and over.
Among the gaming giants that have shown burning interest in Japanese two casino licenses are Melco, Genting, Wynn Resorts, MGM Resorts and Las Vegas Sands.