🍒 Japan dreams of jackpot with legal casinos, Government & Economy - THE BUSINESS TIMES

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Japan needs to thoroughly revamp its measures against gambling addiction," she said. It has brushed aside opposition from activists, including those concerned about Japan's already well-documented problem with gambling addiction.

Place your bets. Skip to main content. At a casino school in Tokyo, croupier-in-training Takuto Saito settles behind a green jackpot dreams casino and reaches for the roulette wheel, addressing a group of imaginary punters: "Spin up.

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Stay updated with BT newsletters. But aspiring casino dealer Saito said he thought local opposition to the industry would ease when casinos finally start opening their doors. Daily Debrief every evening. For daily updates on weekdays and specially selected content for the weekend. The legislation, expected to pass the upper house later this month, kicks off a process that will see local regions bid for the right to host one of three IR facilities. Japan was long the only developed nation that banned casinos but passed legislation in paving the way to make the industry legal. BT Lifestyle weekly. Subscribe to t. Stay up to date with The Business Times for. Japan is often viewed as the Holy Grail of gaming in Asia due to a wealthy population, proximity to China and appetite for other forms of legal gambling, including horse racing and pachinko, a slot machine-style game. And some foreign casino operators have already begun hiring Japanese workers to work at their overseas locations, hoping to have local staff ready to go when venues finally open in five to six years. And on Tuesday, the lower house of parliament passed a bill allowing the construction of three "integrated resort" IR facilities combining casinos, convention centres, hotels, restaurants and entertainment venues. The year-old has never set foot in a casino, but he is gambling that new laws opening up the lucrative sector will soon create plenty of jobs for croupiers in Japan. Japan's government hopes they will become tourist draws, local versions of Las Vegas or Macau that will be a shot in the arm for a stagnant economy and attract business travellers and new tourists. Many are hooked on the pinball-like "pachinko" or on "pachislo" slot machines, which together annually generate Some 10, parlours dot the nation, many readily accessible near train stations, using legal loopholes to let winners exchange tokens for cash. Owner Masayoshi Oiwane says interest has skyrocketed in his casino school, where would-be croupiers learn to deal baccarat games, spin the roulette wheel and supervise betting on the green baize tables. Toru Mihara, an expert on the casino sector at Osaka University of Commerce, said just one single integrated resort could create tens of thousands of jobs and have a "great impact on the local economy". The bill also fails to reserve a seat on casino commissions for gambling addiction specialists, a clause activists had argued for. Both proponents and critics of casinos say the nation has long neglected its gambling problem and Noriko Tanaka, who heads a group working with gambling addicts, says the casino legislation will only make things worse. Wed, Jun 20, - PM. The laws make it easy for gamblers to take out credit lines to play at casinos and lack concrete financial commitments to tackling addiction, she told AFP. Although no timeline and criteria have yet been set for the process, municipalities have already started contacting possible investors. Japan also has a five-trillion-yen market for government-controlled races of horses, motorcycles, boats and bicycles, along with football betting and a lottery. Japan dreams of jackpot with legal casinos. Garage weekly. Opening his palms to fake surveillance cameras on the roof to show there is nothing up his sleeves, Mr Saito says he enjoys watching how players make their moves and the tense atmosphere around the gambling tables. But Japan already has a significant gambling problem, with a government survey showing an estimated 3. BT is now on Telegram! By signing up, you agree to our Privacy Policy and Terms and Conditions. Economists estimate the casino industry could bring in takings of 2.