Casino news tagged with 'japan'

The chances of casino resorts being allowed to be put up in Japan someday has gotten stronger as of Monday, as 71-year-old Yoshihide Suga secured his position to become the nation's next Prime Minister.

Yoshihide Suga, has been elected the next president of Japan's Liberal Democratic Party (LDP), thus paving the way for him to become the succeeding Prime Minister.

Read more » Next Japan Prime Minister Suga also a Casino Supporter

MGM Resorts and Orix Corporation have formed a partnership in its bid to be chosen by the Osaka prefectural government for an integrated resort (IR) development at Yumeshima.

This is the very first time that an international IR operator has revealed to the public the identity of one of its Japanese consortium partners. Apparently, the partnership between MGM and Orix was made around three months ago (December 2018).

MGM Resorts is the parent company of Macau casino operator MGM China Holdings Ltd.

Read more » MGM Teams up with Japanese partner Orix in Bid for Osaka Casino License

A Philippine court has ordered the arrest of Kazuo Okada, a Japanese billionaire casino mogul, who has been charged three counts of fraud while he was CEO of Tiger Resorts.

Okada, age 76, a man who first made his huge fortune in the 1990s as a supplier of pachinko machines to Japan and eventually made a big early investment into Wynn Resorts, has been accused to have siphoned $3.16 million from Tiger Resorts during his term as chief executive.

Read more » Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges

The government of Japan has proposed to set a casino entry levy of JPY2,000 (approx. US$19) for 24-hour access for the country's nationals and residents, one element that is to be included in the Integrated Resorts (IR) Implementation Bill.

Read more » Government proposes US$19 Casino Admission Fee for Japan Nationals and Residents

In Japan where many of the public disapprove of gambling as it promotes addiction and crime, Day Service Las Vegas is one day care center for the elderly that aims to keep its clientele healthy and happy via their slot machines, high-tech mahjong games and a variety of wholesome entertainment.

Read more » Amidst controversy, casino-style day care center a favourite among Japanese elderly

Local media reports say that the Japanese government is thinking of collecting some of the revenue generated by casino operators which will then be used to fund for gambling addiction prevention measures.

Read more » Japan to collect and use some of casino revenue to help prevent gambling addiction

Late last year, casino gambling in Japan was finally legalized, after many years of discussions on whether it would be best move for the country's betterment. After the approval of the Integrated Resorts Promotion Bill, the Japanese government now must create and pass another type of legislative piece, one which would function to regulate the gambling industry.

Read more » Japan to Limit Number of Allowed Visits in upcoming Casino Resorts

If you ask the Macau billionaire, he said he prefers to build their very first Japan-based casino in Osaka rather than in Tokyo. The Chairman and CEO for Melco Resorts and Entertainment Limited, Lawrence Ho, wishes to be given permission to construct an integrated casino resort on the man-made Yumeshima Island located in Osaka Bay or in the central district of Umekita in Kansai city.

Read more » Melco Resorts CEO prefers to have first casino in Osaka over Tokyo

Hard Rock Café International is ready to make a big investment in the Japanese Casino Market ever since lawmakers have proposed to discuss the legalizing of casinos in the country. The chairman of the casino said that they are looking to buy up to 60 percent stake in a Japanese casino resort, an entry into what would be one of the biggest casino market in the world.

Read more » Hard Rock joins Race for Japan Casino

The parliament of Japan has now cleared the way for global casinos to operate in the country after the approval of ‘integrated resorts' law, despite the mixed feelings and warnings from the Japanese public over the involvement of organized crime and gambling addiction.

Read more » Casino operators readying to move in as ban is lifted on Japan