Japan looks to pass second IR bill this autumn

Japan looks to pass second IR bill this autumn

Wednesday, April 19, 2017 Posted by James Walker
Akiyoshi Tsuruoka: The IR Promotion Team is aiming to achieve the ‘highest standard levels in the world’

Following December’s announcement that Japan’s National Diet had passed legislation authorising at least two integrated casinos in the Asian nation, the government’s dedicated taskforce is currently drafting a second bill that details specific terms on how the venues will be managed and regulated.

The new bill, which is being drafted by Japan’s Integrated Resort Promotion Team, must be passed before the government can begin accepting and reviewing bids from the numerous companies interested in vying for the coveted licences.

Speaking exclusively to TotallyGaming.com, Akiyoshi Tsuruoka, general manager of Gaming Capital Management, a Tokyo-based gaming consultancy, said: “The IR Promotion Team is aiming to pass the second bill during the extra session of the Diet this autumn.”

According to Tsuruoka, the IR Promotion Team is currently discussing numerous aspects of Japan’s potential gaming law – including regulation, taxation, operation, entry limitation and money laundering – with a view to achieving the “highest standard levels in the world”.

While the government will be presented with case studies detailing other countries’ existing regulation, Japan’s gaming industry will be shaped around Prime Minister Shinzo Abe’s stipulation that casinos must be operated integrally with entertainment, conventions and other non-gaming amenities.

Underlining his party’s desire for creating unique resort-style experiences in Japan, Tsuruoka quoted the Prime Minister as stating: “We will achieve attractive tourism with high competitiveness… by making full use of Japanese tradition, culture and art.”

Totally Gaming says: Numerous global operators are said to have launched expressions of interest in what remains one of the world’s largest untapped gambling markets. It’s unlikely that we will learn who has been selected to operate the facilities any time soon, but the news that the government’s taskforce is working hard on thrashing out the intricacies of the bill will no doubt keep Japan in the industry spotlight throughout 2017.

For information on the upcoming Japan Gaming Congress, taking place on the 10-11 May in Tokyo, please visit www.japangamingcongress.com

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