More Gambling For Japan?

MORE GAMBLING FOR JAPAN?

28th February, 2012 at 01:10:05
Source: http://www.azonlinecasinos.com

Politicians come together in a drive to widen gambling opportunities - but it may take a few years yet

The Wall Street Journal reports that the Japanese government is moving toward opening the country to casino gambling for the first time, allegedly driven by American gambling interests, the success of other Asian nations that have embraced casino gambling, and a search for new growth industries to end the long economic slump.

Whilst online gambling has not been specifically mentioned, it could be a long term possibility.

"In a rare sign of cooperation amid the country's fractious politics, a group of 150 lawmakers from the ruling party and five opposition parties have embraced legislation that could begin the process of legalizing gambling within two years," the respected business publication notes.

"Leaders of the group say they plan to submit the bill before the current parliamentary session is scheduled to end."

Takeshi Iwaya, a politician representing the Liberal Democratic Party, told the Journal:

"Neighboring areas are contemplating similar plans, so if we don't hurry, we may risk missing out on a big opportunity."

A very restricted range of betting is permitted in the Asian nation, covering various forms of racing and the popular game of pachinko.

Related News Tags:



« News index »



WATCHANDWAGER LAUNCH INTERNATIONAL ADW PRODUCT

27th March, 2017 at 13:46:09
ADW on international horse races for US customers.

PADDY POWER BETTING SEEKING HEAD OF TRUMP BETTING CANDIDATE

20th March, 2017 at 19:52:51
Three month contract requires a special type of person.

BODOG SIGN LATAM SPORTS SPONSORSHIP

20th March, 2017 at 15:15:56
With American football club.

MARCH MADNESS EXCITEMENT BUILDING

13th March, 2017 at 21:45:05
One of the United States' biggest betting events is being used by the AGA to promote the idea of more widespread legalised sports betting.

TVG AND TABCORP SUBSIDIARY SKY RACING WORLD EXPAND PARTNERSHIP

10th March, 2017 at 10:19:28
New agreement delivers increased TV coverage of Australian racing on TVG and TVG2.