Further, an Osaka Strip in combination with more domestically focused sites in Tokyo, Sasebo, Sendai, Yokohama and Hokkaido would be the optimal scenario, he adds.<\/p>\n
\n\u201cJapan has the potential to be one of the largest gaming markets in the world, generating up to $24.2 billion at six different locations by 2030,\u201d said Gallaway.<\/strong><\/p>\n<\/blockquote>\nRobust Regulation Needed<\/b><\/h2>\n
Before any casinos can open on Yumeshima, though, the city would need to extend its subway system out to the island, at an estimated cost of $600 million. Osaka Mayor Hirofumi Yoshimura has assured any future casino partner that the city will stump up a \u201clarge portion\u201d of this, but numerous casino partners spreading the costs would of course make even more sense.<\/p>\n
Whether the Chinese VIP high rollers that Osaka dreams of attracting are accustomed to riding the subway after arriving on their private jets is another matter, which has led some to suggest that a location nearer to the airport might be more advantageous.\u00a0 \u00a0<\/span><\/p>\nIn the meantime, though, Brendan Bussmann, Director of Government Affairs with GMA, had the following advice for the politicians working on that framework.<\/p>\n
\u201cAs the National Diet continues to evaluate the best structure for integrated resorts in Japan, it needs to consider the strong regulatory atmosphere that should be established,\u201d he said.\u00a0 \u00a0<\/span><\/p>\n\u201cThe Diet needs to balance that regulatory structure with the desire of an operator to build an iconic facility that is representative of a specific site to maximize gaming and non-gaming revenue.\u201d<\/p>\n
The Japanese government plans to submit its new bill during a possible extraordinary session of the parliament this fall.\u00a0 \u00a0<\/span><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Japan may have passed its Integrated Resorts Bill, paving the way for legalized casinos in the country, but the shape the future market will take remains unknown. The country\u2019s politicians are currently in the process of creating a framework of regulation for the casinos, but exactly how many will be authorized, and their locations, remain […]<\/p>\n","protected":false},"author":42,"featured_media":48483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Call for Japan to Create \u201cOsaka Strip\u201d of Integrated Resorts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n