Japan is not a country like the others. Above all, he has not been the same since the end of the Second World War. Japan thus renounced this war with three things: an army that would have the capacity to attack, the atomic bomb ... and the casinos. And yes, Japanese legislation prohibits gambling on Japanese territory. This even though the Japanese are big players, since the country is estimated to be the second Asian market after Macao. But for that Japanese must fly. The arrival of the Olympic Games in Tokyo in 2020 is likely to close this page in history since the first Japanese casino should be operational on this occasion.
While the Japanese deputies voted recently the law fixing the rules for the implantation of casinos on the Japanese archipelago, the first establishments could come out of land within 5 to 6 years. The first Japanese casino should be located in Osaka and the sector should boost a slowed economy ...
Japan: new destination for "tourism gambling"
In December 2016, Japanese policies took an important measure for the future of the archipelago since they authorized the establishment of game establishments in the country. Before this date, the games of money already existed but were limited to the national lottery, to sport bets or to the famous "Pachinkos", devices at the crossroads of the pinball and slot machine.
Suffice to say that this is a real revolution that Japan will know in the coming years. If the social drifts accompanying money games are feared on the archipelago, the leaders preferred to see the "positive" and the incredible potential earnings that this business should generate.
Yes, Japan sees big and therefore wants casinos that will set up on its soil are completely integrated into large -scale entertainment complexes as is the case in Las Vegas or Macao. In other words, the projects of game establishments will have to be accompanied by the construction of hotels, restaurants, theaters, performance halls, conference center, etc.
At a time when its population is aging and its economy is starting to idle, Japan is therefore embarking on a real seduction operation which will start in 2020 with the reception of the 2018 summer Olympic Games in Tokyo. If the Japanese capital should attract many people for this event, it will then be up to the casinos to attract high-end customers to the archipelago. Japanese leaders are convinced of this, their country can ultimately become a flagship destination for "tourism gambling".
Moreover, forecasts prove this since the market for future Japanese casinos is estimated between 2000 and 4000 billion yen, between 15 and 30 billion euros. If the casinotiers are undoubtedly winning, it will go the same for the State since the revenues of the latter will be taxed up to 30%. In addition, the development of the activity sector should be accompanied by the creation of a considerable number of jobs ...
Osaka to start?
While nobody knows at the moment when the first Japanese casino will be set up, the Macao casino magnate, Lawrence Ho, has already expressed its desire to build one or more game establishments in the land of the rising sun. However, for him, the first location is already chosen and it is Osaka. Populated by nearly 2.7 million inhabitants, it is the third largest city in Japan but above all appears as the most lively city in the country. Prized for the Chinese population, well connected to the aerial network and offering much lower land rates than many other major Japanese cities, Osaka therefore appears as a city carrying opportunities for the gaming industry. Nevertheless, several large American casinoto groups are also closely interested in the Japanese market, but they are more aware of Tokyo for a first establishment. In any case, the opening of the first casino in Japan is not expected before 2023 or 2024. So there is still time to find out who will be the owner of the latter and where he was finally built.
The Prime Minister in charge of the Reformation
According to the Reuters news agency, it is the Prime Minister already renowned for its economic reforms which should present a bill to this effect. The law would allow the first casinos to see the light of day later than 2019. The cities of Tokyo and Osaka are already in the line of groups such as MGM Resorts International, Las Vegas Sands Corp, Melco Crown Entertainment and Wynn Resorts LTD, but others could see such establishments settle. This change in legislation would increase the country's hotel reception capacities for the Olympic Games since casinos go hand in hand with hotels generally, and create jobs and generate up to 10 billion dollars in figures Affair, according to Bloomberg.
Japanese Prime Minister Shinzo Abe therefore plans to get his country out of the crisis, the creation of a Las Vegas in the Japanese. Once again, as elsewhere in the world, as it is also planned in the south of USA and as has been carried out in Asia in several places, the casino is envisaged as a solution to get out of the crisis. Japan will have to change the legislation of the island which has been prohibited so far Money games.
It is the specialized financial group Clsa Asia - Pacific has just published a study encouraging the Japanese government to make such a decision. In any case, the prohibition to play, in force in Japan since 2001, is about to have lead in the wing. The ambition of the Japanese island is such in this area that it intends to compete with any less than Las Vegas and Macao and already targets the number one place in terms of gambling. It is hard to believe it, but that is what is announced and when you know the Japanese boom, you can believe it.
It remains to be seen whether the 127 million inhabitants in Japan see this new exit from their Prime Minister. One might think that the Japanese have a playful fiber when the country contains more than 1,300 Pachinko games, a traditional game halfway between the slot machines and the freights you find in bars. While the department of Gard in the south of USA Also envisages the creation of a European Las Vegas, we are entitled to wonder if the solution to money problems is not at the casino ... online or not.
While some complain about the giant casino that has become the world scholarship, others think that this is the solution. In any case, this is the bet that the Japanese Prime Minister takes by deciding to legalize the casinos this year in Japan. Knowing the technological advance and the taste for Japanese technologies We are entitled to ask ourselves now what the future Japanese casinos will look like.
Casinos under surveillance
The Japanese well known for their rigor and their precision will create for the occasion a regulatory authority built on the American model as there are in Nevada or in Asia in Singapore. The number of casinos would thus be limited to ensure their good management.
The goal would thus be to prevent homes of criminal activity from emerging via casinos. The main concern being to keep the famous Japanese organized crime away: the Yakuzas. Would thus be created a Games police in addition to seven control authorities placed directly under the control of the Council of Ministers, this in order to avoid the "Amakudari", a sort of gateway for the high focus which wish to recycle in the private The way of our grandes écoles.
Finally in terms of Virtual casinos and other online games in Japan, we are counting on Asians to take advantage of them too ...
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