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Thursday, 25 July 2013 08:42

Japan casino bill faces best odds

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Lobbying groups are making unprecedented headway in pushing for legislation that would pave the way for casinos in Japan and the landslide victory of the ruling Liberal Democratic Party in last Sunday’s election for the Diet’s Upper House improves the odds of seeing a bill passed this year.

“[A] Japanese casino bill is now more likely to be passed than ever before,” said Mia Nagasaka and Praveen Choudary of Morgan Stanley in a report last month..

 

Their report was issued days after the Japan Restoration Party, a small conservative party, submitted a casino legalization bill to the Diet. Toru Hashimoto, the party’s controversial co-leader and the mayor of Osaka, previously called for construction of a casino in his prefecture to raise funds for welfare programs and relieve pressure to raise other taxes; equally controversial part co-leader Shintaro Ishihara similarly lobbied for casino development when he was governor of Tokyo.


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Read 1511 times Last modified on Wednesday, 21 August 2013 18:18