Axar.az
UP
19 January 2018


Japan legalizes casinos, attracts big investments

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Japan's parliament passed a law on Thursday to legalize casinos, ending 15 years of political argument and opening the way for projects that combine high-stakes gambling with hotels, shopping and conference space.

Axar.az informs, as few as three casinos could generate nearly $10 billion in net profit annually, Daiwa Research Institute estimated, equivalent to 0.2 percent of Japan's gross domestic product.

Still, casinos will not be in operation until 2022-23 at the earliest, gaming executives have said. Fresh legislation is needed within a year to set out details on regulation, tax rates and dealing with social ills such as gambling addiction and organized crime.

International gaming companies including Wynn Resorts Ltd, MGM Resorts International and Caesars Entertainment CorpD have been considering investing in Japan, and may have to battle to win operating rights.

Date
2016.12.14 / 21:29
Author
Axar.az
Comments
loading...
See also

Duterte to ban on Filipino workers being sent to Kuwait

Saakashvili meets with Odesa residents

UAE omits Qatar from world map amid airspace row

Two boys arrested for killing half million bees in US

No threats to Turkey will be tolerated

NATO's deputy head to visit Turkey

Turkey will carry out military operation in Afrin

French police clash with striking prison guards

Russia to block social networking groups calling for attacks

German Daesh rapper killed in airstrike in Syria

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla