June 05, 2015

Japan 50% chance of passing gambling bill this year

Japan has a 50% chance of passing a bill this year legalizing integrated resorts in the country, says Managing Director of Morgan Stanley Asia Praveen Choudhary. The comments were made at the recent G2E Asia conference and in the same week

Fitch said in another report on the prospect of Japan passing legislation “We think there is a better than 50-50 chance that an IR [integrated resort] bill passes this year; however, we do not think an IR can open by the 2020 Tokyo Olympics. We think the most likely scenario is that gaming regulations look similar to Singapore’s, with limited licences and an entrance fee levied on locals.”

The firm also said it expected there to be only two licesnes issued which could generate a combined revenue of $6 billion annually.

“This assumes 500 table games and 3,000 slot machines each and respective win per day rates of around US$14,000 and US$600. This is above roughly US$5.5 billion being generated by Singapore’s two IRs,” said the Fitch report.

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