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Could Casinos Be Coming to Japan? The Odds are Increasing.
- Updated: August 8, 2016
Earlier this year, many believed that the idea of land-based casinos in Japan was all but dead due to a strong disagreement between two of the parties in Japanese parliament, otherwise known as the Diet.
In recent elections, Japan’s Prime Minister Shinzo Abe’s of the Liberal Democratic Party (LDP) was able to secure an outright majority of the Diet for the first time since 1989. The party no longer requires its previous coalition partner, the Buddhist-backed party Komeito, who has been adamant about prohibiting gambling in the country due to social concerns.
Union Gaming analyst Grant Govertsen shared in a note in late July that the majority will enable the LDP to enact legislation without the need for cooperation from other parties.
“Abe’s LDP party now holds an outright majority in both houses of the legislature for the first time since 1989, which allows the party to effectively push through just about any legislation it wants without the need for help from its coalition partner,” …
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