The current Japanese Diet Session is set to include debates on casino legislation to start operating.
Japan.- During the current Diet Session, Japanese Congress is set to finally address a comprehensive casino proposal to approve gaming development. Representatives of Liberal Democratic Party and the Komeito party agreed yesterday on discussing casino legislation by the end of the month, when the session is supposed to start.
As legislators are finally discussing the IR Implementation Bill, casino legislation could take effect next year, allowing operators to begin the bidding process. After all requirements are fulfilled, international companies will be able to start the construction phase of the highly expected integrated casino resorts.
“The upcoming Diet session does not appear to be crowded with any other highly contentious legislation, so in that sense the IR bill’s prospects look good,” revealed the Asian news outlet, AGBrief. The IR Implementation Bill will be submitted by the national government itself, according to the report.
The casino industry in Japan is soon to get finally approved and companies from all over the world are ready to enter the local business. Experts have estimated that the upcoming Japanese casino industry will generate gross gaming revenue (GGR) of US$7 billion per year if it includes two major integrated resorts.