Casino gambling legalization is seen as upcoming in Japan
Japan is a target for casino gambling, as it is seen as a great area where, should that activity be legalized, there would be a paradise for those who would be the fastest to take the opportunity and start to develop on pristine grounds. Recently there have been reports suggesting that the legalizing of gambling in casinos, a perennially attractive gaming ground for adults, is round the corner. That has set all interested persons agog, and there are already predictions about the first destinations where enterprising pioneers will open the first casinos: Osaka and Tokyo.
A prime incentive which would be crucial in spurring casino gambling legalization in Japan is a major sporting events, the 2020 Olympics which are set to take place in Tokyo. With numerous sportspersons and fans of different sports who are certain to flock to Japan from all corners of the globe, there are certain to be grounds for thriving casino games then. Those Japanese lawmakers who support the legalization are well aware of the importance of offering casinos during the Olympics.
There is a major candidate among the most eager enterprising enthusiasts who are ready towork on the opening of casinos in Japan’s major cities. That is Sheldon Adelson, owner of Las Vegas Sands. That is a person famed for massive success in the casino activities. His casinos, operating in Las Vegas and in Macau, China, along with the Marina Sands, Singapore, are among the first expected to be approved should the legalization of casinos in Japan be approved. Adelson is said to have offered $10 billion in bids in Japan. Adelson is planning to open the first casino in Tokyo, as part of a sumptuous resort.
Tokyo is a welcome ground, being one of the largest cities worldwide. Its economy is attractively robust. But the economy of Japan as a whole is somewhat ailing, so the developing of the gambling industry in the country’s major cities is expected to revive it and boost two of the crucial industries, construction and services.
Adelson has also expressed its interest in developing his business in Osaka. But Tokyo is much more appealing for him. Estimates have suggested that there the revenues would be just slightly below those reaped in Macau. On the other hand, Osaka has already stated its readiness to offer a site for the first casino, and has pinpointed the site. Adelson might have more imminent opportunities there. In Osaka, he may have to battle with a counterpart in the casino business, Neil Bluhm, who is the owner of casinos in three US states. Bluhm was the first to focus on Osaka, and he is clearly determined to develop casino business with local partners there. That is why he is seen as the likely winner in a bid.
The main advantage for both local businesses in Japan and for foreign casino chain owners who are aware of the huge potential for opening casinos there is that legalization of casino gaming in Japan is seen as an imminent development.