Latest News

Japan Opposition Submits Bill to Abolish IRs

Japan Opposition Submits Bill to Abolish IRsReading Time: < 1 minute

 

Jun Azumi, the member of Japan’s Constitutional Democratic Party, has submitted a bill that would abolish the law on integrated casino resorts in the country.

The move follows accusations of bribery related to the development of integrated resorts in Japan against Zhengming Pan, director and chief executive officer of Chinese betting lottery and betting operator 500.com.

Azumi’s bill would come into effect immediately and includes a provision that any confidential information known to members of the Casino Management Committee regulatory body may not be disclosed.

However, as the governing parties are unlikely to back Azumi’s bill, its chances of passing are extremely low.

The controversy also looks to have prompted the government to delay the publication of the guidelines for selecting the host cities of the integrated resorts, which had originally been due for release this month.

Operators that have expressed interest in building an IR in Japan include MGM, which promised a “uniquely Japanese, world-class integrated resort”, as well as Caesars Entertainment, Hard Rock International, Melco Resorts and Mohegan Gaming and Entertainment.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Japan Opposition Submits Bill to Abolish IRs

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

Related Posts

Load More Posts Loading...No More Posts.

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.