Kamori Kanko strengthens finance for IR
Japanese company Kamori Kanko signs financial agreement with lottery provider 500.com
Japan.- Kamori Kanko has presented a casino project to develop the recently-approved industry in Japan, though the government is yet to set a date to debate the regulating proposals before the bidding process can begin. Kamori Kanko has however shown its readiness to invest in the country, signing an agreement with 500.com, the lottery provider of the Chinese market.
“Although I did look at Tokyo, Osaka, and other locations in Hokkaido, Rusutsu village is the place for a new resort making use of the natural environment. I want to create a safe and secure facility,” stated 500.com CEO Zhengming Pan, who led a delegation of potential investors from China on a tour of Rusutsu village. The financial agreement has been set on a 1.2 billion euros investment plan between both gaming companies.
Although casinos have not yet been fully approved, the legalisation of the gaming industry has positioned the market as one of the most demanded worldwide. National legislators are still debating further bills to ultimately implement casino laws in Japan. The general bill on casinos cannot take effect until Congress passes all regulations regarding gambling prevention, license process and gaming taxes, among other things.
