Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Japan approves plan to open its first casino

Japan approves plan to open its first casino

Japanese officials have approved controversial plans to build the country's first gambling resort.
The complex will open in the western city of Osaka in 2029.

Casinos have long been illegal in Japan. But a law was passed in 2018 providing exceptions to games, such as poker or baccarat, to create jobs and boost tourism.

Public opinion has been split, with some concerned about a rise in crime and gambling addiction.

Besides the casino, the 5.3 million square-foot (49ha) complex will include a hotel, conference centre, shopping mall and museum.

"We hope (the casino) will become a tourism base that promotes Japan's charms to the world," according to Prime Minster Fumio Kishida.

The project has an initial investment of 1.8tn yen ($13.5bn, £10.7bn) with US-based casino operator MGM and Japan's Orix Group each owning a 40% stake in the company.

The other 20% will be owned by local companies such as West Japan Rail, Kansai Electric Power and Osaka-based Panasonic.

Officials expect the resort to attract around 20 million visitors annually and bring in roughly 1tn yen in annual economic benefits to the region, according to a Japanese news service.

The project was proposed years ago, but it was delayed due to the Covid-19 pandemic and a corruption scandal involving a ruling-party lawmaker who was accused of accepting bribes while in charge of casino policy.

Japan is seen a promising market for gambling. It is the world's third largest economy with a population of roughly 126 million.

It also has close proximity to wealthy Asian gamblers, particularly from China. Macau is the only Chinese city where casino gambling is legal.

A similar plan has been submitted by the Nagasaki prefecture to build a casino at Huis Ten Bosch, a Dutch-themed theme park.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
How Spain Transformed from High Unemployment to Eurozone Growth Leader
EU Promises Swift Response if New US Tariffs Are Introduced
The European Union Shifts Focus to AI Innovation Amid Global Competition (or at least this is what they claim)
Merz and Scholz Engage in Confrontation Over Migration and Economic Strategies in Pre-Election Debate
Tech Giants Boost Investment in AI Infrastructure Despite Competition
Europe Faces Growing Security Concerns and Trump's New Demands on Ukraine
Justin Bieber Sparks Concern as New Footage Raises Health Fears
European Right-Wing Leaders Celebrate Trump’s Impact on Global Politics
Germany Confronts Political Turmoil Before Sudden Election
Macron's AI Vision Encounters Obstacles in the Global Technology Race.
Reports of Pro-Russian Bots Attempting to Influence German Election Surface
'BACK TO PLASTIC!': Trump to End Bans on Plastic Straws
TikTok Sued Over Alleged Child Deaths Caused by 'Blackout Challenge'
U.S. Ally Claims Trump Has Distinct Credibility to Resolve Ukraine-Russia Dispute
At least ten fatalities confirmed in shooting at a Swedish school, authorities report.
Trump Administration Preparing Executive Order to Abolish the Department of Education
Spain Endorses Initiative to Lower Workweek to 37.5 Hours
Trump Vows to Impose Tariffs on EU Products, Describes Bloc as a ‘Trade Atrocity’
Zelenskyy Proposes Nuclear Arsenal if NATO Membership Lingers
Serbia and Albania Set to Co-Host the 2027 UEFA Under-21 European Championship.
Zelenskyy Urges for 'Robust Security Assurances' from Russia to Conclude the War in Ukraine
Austrian Coalition Talks Encounter Setbacks Amid Far-Right Push for Power
Von der Leyen Indicates 'Unprecedented' Action to Enhance EU Defense Expenditure.
European Union Proposes Reforms to 1951 Refugee Convention
China's Humanoid Robots Poised to Transform Everyday Life and Spiritual Functions
Putin Resurrects Soviet-Era Intervision Song Contest with Fresh Allies
Ten Killed in Mass Shooting at Örebro Adult Education Center
China Retaliates with Tariffs and Investigations Following New U.S. Duties
Alice Weidel, the leader of the AfD, bolsters her international profile by meeting with Viktor Orban.
EU Leaders Convene to Address Defense Strategy in Light of Increasing U.S. Tensions
EU Leaders Convene Key Summit on Defense in Response to Increasing Tensions
Trump Directs Establishment of U.S. Sovereign Wealth Fund, Considers TikTok Purchase
Britain Considers U.S. Gas Imports in Light of Potential Trump Tariffs
French Prime Minister Bayrou Confronts Several No-Confidence Votes Regarding the 2025 Budget
Trump Pursues Ukraine's Rare Earth Minerals in Exchange for U.S. Military Assistance
Trump Wins Again as Canada Agrees to Strengthen Border Security
Trump Seeks Rare Minerals from Ukraine in Exchange for U.S. Support
EU leaders concur on increasing defense expenditure in response to escalating security threats.
Nearly 96% of New Cars Registered in Norway in January Were Electric
Bart De Wever Appointed Belgium's New Prime Minister
Apple Abandons AR Glasses Project Amid Struggles with Technology and Market Demand
U.S. Clinical Trial Investigates Medication to Prolong Dogs' Lifespan
Berlin Protests Against Immigration Crackdown
Apple Surpasses Revenue and Earnings Expectations, But iPhone Sales Disappoint
Bill Gates Reflects on Past Mistakes and Acknowledges Yuval Noah Harari's Insight
TikTok Shapes the Future of Mobile Gaming with Viral Trends
Swedish Prime Minister Admits Loss of Control Over Surge in Violence and Explosions
Patriotism Misrepresented: Merz’s Migration Bill Defeat Exposes Ideological War Fueling Europe’s Instability
Trump Administration Advocates Ukrainian Elections to Promote the Democratic Process Needed to Oppose the War Zelenskiy Supports and Profits From
The Swift Impact: Travis Kelce and Taylor Swift's Relationship Boosts Football's Global Appeal
×