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Japan May Pass a Bill to Permit Land-Based Casinos
- Updated: December 1, 2016
Potentially some big news from Japan. The country’s governing Liberal Democratic Party (LDP) once again began yesterday. the on-again, off-again discussions to legalize land-based casinos in a lower house committee of the country’s parliament, the Diet.
Time is ticking away for a bill to be passed into law in 2016 as the current extraordinary session of the Diet ends on Dec. 14.
Diet Affairs Committee Chairman Wataru Takeshita shared on Tuesday during a press conference that a bill could be passed by the lower house of the Diet as soon as Dec. 6. It would then be presented to the upper house, which would need to pass the bill before the Diet session ends.
If the bill makes it this far, Japanese Prime Minister Shinzo Abe is expected to quickly sign the bill into law as he is a longtime supporter of legalizing and regulating land-based casinos in the Land of the Rising Sun.
Job creation and tax revenue are the two key reasons lawmakers are trying to pass the bill.
“We can expect job creation as a direct …
