|Monday, June 25, 2007
|Change in Japanese gambling law expected
According to a study group by the ruling political party LDP, the gambling law will have to be changed to counter declining tax revenues and boost tourism. A change may come as early as mid-2008 and would most likely legalise casinos.
The policy change will certainly have been influenced by the recent developments in Macau and Singapore, who have liberalised casinos and are attracting tourism and investment away from other countries in the region.
The plans are still in an early phase and much resistance can be expected from anti-gambling constituents.