Japan considers legalising gambling World Finance
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The fact remains, however, that pachinko operators are perhaps the most capable gambling entities in Japan, and, should legislators decide to sideline international firms in favour of local players, machine makers such as Sega Sammy could well emerge as the biggest beneficiaries of the bill. “The Japanese are determined to look closely at the potential downside of legalised casino gambling, including problem gambling, the involvement of antisocial forces, and potential negative effects on the family and children,” said Defibaugh. There is pressure to have casinos up and operating in time for the 2020 Summer Olympic Games, but I think the opposition is too great, and it will be difficult to put all the pieces in place by 2020.” Buoyed by rock-solid economic fundamentals and an influx of wealthy tourists, the former Portuguese colony has come to rank as the world’s fourth-richest territory, and revenues for the region’s major casino players have risen hand over fist. Asia’s foremost equity brokerage estimates that the introduction of a mere dozen or so casinos could contribute $40bn in revenue – not far off Macau’s $51bn equivalent and over six times more than what the Las Vegas Strip makes in a year.
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