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NEW CASINOS IN JAPAN

Japanese Prime Minister Shinzo Abe has given the green light to new gambling resorts across the country, with hopes of opening the first resort in Osaka by 2024. However, you can take a look at the existing Qyto オンライン カジノ 最新 in Japan.

In addition, the Prime Minister hopes that this decision will open the door to new investment opportunities for large corporations such as MGM Resorts International and Melco Resorts & Entertainment Ltd. Japan, which already have horse racing offers in the country. Japan had previously planned to open its first casino in time for the 2020 Tokyo Olympics, but due to regulations and public concerns over problem gambling, the plans were put on hold. The new plans “will strive to become a popular tourist destination”, according to Abe, who was speaking at his residence on Tuesday. Japan’s latest regulations set specific conditions for new gambling outlets in the country, including the size of hotels, conference halls and exhibition centres. For a casino to open, the area of a casino room in a hotel must be at least 200,000 square metres, while the total area of a casino cannot be more than three per cent of the total area of the resort. As previously mentioned, Japanese must pay an entry fee of GBP6,000 (GBP41.2 / EUR48.2 / USD54.4), while all transactions of ¥ 1m or more must be reported to regulators. Japan has taken a step towards opening integrated resorts with the country’s first casinos after the Abe Cabinet approved additional regulations governing these outlets. The regulations discussed yesterday (26 March) focused mainly on the size of hotels, conference venues and exhibition centres, with specific resorts will only be allowed to have gambling facilities covering 3% of their total floor space. The size of conference and exhibition facilities will be counted as a whole – resorts with a larger convention centre may have a smaller exhibition facility. As previously mentioned, the centres must also have cultural facilities to make them more attractive to tourists, places such as theatres, music halls, cinemas, museums and restaurants are being considered.

The resorts must also advertise tourist attractions across Japan and use information and concierge services in multiple languages, including English. Where possible, the resources should use “state-of-the-art technology such as virtual reality”. Under the law approved in July 2018, the regulations will be finalised in April this year. The first resorts are expected to be open by 2024, with three licences planned to be granted initially. MGM Resorts chief executive Jim Murren has hinted that he expects Osaka to be the first location to open a resort with the Expo 2025 exhibition to be held in Osaka. MGM is just one of the casino operators pursuing licensing in Japan, alongside Caesars Entertainment, Hard Rock International, Melco Resorts and Mohegan Gaming and Entertainment.

 

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