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Next Japan Prime Minister Suga also a Casino Supporter

Tags: casino regulations, gabmling laws, Japan, Shinzo Abe, Yoshihide Suga.
Posted on 16 September 2020 by "T".

Shinzo Abe & Yoshihide Suga

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.

The LDP elected Suga to replace outgoing Prime Minister Shinzo Abe as its next party president. In times of emergency, like Abe's resignation due to health problems, the PM's party members in the National Diet will vote on his successor. Each of Japan's 47 prefectures receive additional three votes.

Suga got 377 votes during the party electioan Monday. Former Foreign Minister Fumio Kishida received 89 votes, while former Defense Minister Shigeru Ishiba got 68 votes.

In his victory speech Suga said, "I will devote all of myself to work for the nation and the people." Suga says that he will also be continuing Abe's wishes to bring in casino integrated resorts (IR) to Japan. The casino venues were seen by Abe as a great way to make Japan a more attractive leisure destination. Abe's aim is for Japan to welcome at least 60 million visitors yearly by 2030.

Continuing Abenomics
Suga has long been a confidant of Abe and he has pledged to continue several of his policies. Abe believes that the country is in good hands.

Abe said on Monday, "I'm handing the baton to new LDP President Suga. We can count on him."

Suga sincerely plans to continue Abe's "Abenomics". The Prime Minister's signature economic policy plan is based on "three arrows" namely the monetary easing from the Bank of Japan, structural reforms, and the fiscal stimulus through government spending.
COVID-19 has dramatically slowed Abe's economic overhaul and add to that Japan's aging population and slowing birth rate, Suga says that now more than ever, the country must remain committed to Abenomics, "We must overcome this crisis, so that each person in Japan can feel safe and have a stable living. In order to do that, we need to carry on Prime Minister Abe's measures and move forward with them. I believe it is my mission to do so."

Suga has been Abe's chief cabinet secretary since December 2012.

Great News for Casinos
The novel coronavirus has definitely delayed Japan's effort to bring three multibillion-dollar casino resorts to the country. The various setbacks, which include Japan's failure to meet its own self-imposed July 26, 2020 deadline to release its Basic Policy, have resulted in diminishing interest among the global major casino operators.

Las Vegas Sands, once the apparent front-runner for one of the three IR licenses, has already withdrawn its candidacy. Wynn Resorts recently shut its Yokohama office. As for MGM Resorts, it says it is now only interested in a minority stake role in a casino integrated resort.

The appointment of Suga to the presidency is great news for the remaining casino operators interested in winning licensure in Japan. Companies still interested include Galaxy Entertainment, Genting, Hard Rock, and Melco Resorts.

The government did not adjust July 30, 2021, the date to receive proposals from cities and prefectures and their preferred IR casino partner.



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15 comments on "Next Japan Prime Minister Suga also a Casino Supporter"

 CALICUL16/09/2020 14:22:18 GMT
This prime minister can solve many things quite easily when the position allows it and he has many allies on his side. An order received from above will change a law and people will be able to enjoy with live games in casinos. Normalcy returns.
 dule-vu16/09/2020 15:44:45 GMT
they know what they can get if they open this big casino resorts and what money they will earn as country!they will get big amount from taxes,tourists will come in their country and will play and in situation with corona,where every economy is in problems,they need extra money as goverment,so they will allow this!
 geseco1217/09/2020 18:37:57 GMT
It would be good if they open casinos in Japan, the community would continue to grow on a large scale, more players, the game would become more fun, of course it would benefit the country by taxes since its GDP increases
 dule-vu18/09/2020 10:26:16 GMT
I didnt know that japanese goverment didnt allow big casinos to come on their market and to allow people to gamble!maybe they dont like this kind of things in their culture!but now they see how big problems every country have with money,so they will alow to earn money from taxes!they need lot of money for olympic games and they cant miss this!
 CALICUL18/09/2020 14:58:00 GMT
Japan have a growing in the field of casinos and citizens of this country they got to play more than in previous years. Learned this new pleasure and are interested in these slots for fun or money. Anyway, owners are happy because are profit.
 antonis32119/09/2020 18:22:37 GMT
now with the corona virus crisis everything has gone back , delays , postponements , casinos operators and businesses are frustrated . This virus has crated such a destruction worldwide . Hopefully , step by step , everything will go back to normality . There is will . Suga will be the the next prime minister hopefully . and he wnts casinos to be in his country , this is vey good news indeed for Japan and not only .
 dule-vu20/09/2020 14:30:55 GMT
yeah,everything will back and they even close right now lot of things in some countries,so I am afraid that we will be again problems in next months and that they will close bars,restaurants,football games for us!
but japan have much bigger problem and that problem is olympic games!they invested so much money and they think that they will not be a chance to have them in next year also!they spent billions of dollars and they dont want to have them without people on stadiums!
 antonis32122/09/2020 08:58:41 GMT
I hope things will be better next year dule vu and they will host them , hopefully with few , at least very few people in the stadiums . I hope this will not be financially devastating for them . These back and forths , may cancellations , many withdrawals of investments , all because of this virus . Casinos will be the attraction for Japan in the future , making it very competitive to near countries , a lot of billions will come in the country from tourists and not only .
 dule-vu22/09/2020 16:51:13 GMT
but that problem antonis,they dont want to have games without people,because they will not earn anything and they will even lose more!you can imagine to have 11000 athletes and you have to give them everything,but you will not get any money from tourists!they dont want to talk about games which will have nba situation in orlando and that cost 150 million dollars,so you can imagine how much will this cost more for japan!
 CALICUL23/09/2020 07:42:53 GMT
Japan does not lack money because it is not a poor country, it has many amateurs who want to play all kinds of casino games and of course tourists. Many people when visiting they stop to risk some money for pleasure or for winnings.
 antonis32123/09/2020 20:48:22 GMT
and , dulevu,the alternative is what ?? , a new postponement of the Olympics for the 2022 or whatelse ?? Maybe the craziest scenario , the final cancellation of them ?? that would be sth , lol ....
Ofcourse that won't happen ,I guess the odds for the bookmakers would be 1:1.000.000 lol , but , I think , no , I hope , things will be better next year , one year of this craziness is enough , one more is too much , lol . I hope next year things will be better . Let's think possitively , why not ??? All this negative energy , I am already feeling victim to this propaganda of negativity and pessimism .
Let's think that COV-19 on 2021 , in the summer will be history , Olympics will take place with more than 50% full stadiums or even 100% , and moreover maybe they begin building these casinos step by step and in 1-3 years they'll be ready for the tourists and gamblers to come to Japan Smile Smile Smile Smile Smile Worship Worship Worship Worship
 dule-vu24/09/2020 20:18:29 GMT
yes antonis,thats problem,thats whole story!few days ago you had on news that they dont know what they will do with olympic games,because they dont have more money to make bigger security measure for games without people on stadiums!you can imagine how much money they will if they will close everything like in nba,but in this case you will have 11000 athletes,so you can imagine how you will separate them and how many space you will need!so japan say that they dont want to have games next year without people!they already spent 12 billion dollars (I think that it was this amount on news)!
 antonis32124/09/2020 23:43:54 GMT
Man .....If Japan government says it struggles to collect some money for the Olympics , I don't know what to say , maybe the Judgement Day is closer than I thoiught , lol , ofcourse they have a tight budget I guess , they are not like greece , we didn't have money to host the Olympics , we did it , and the result was 6 years later the recession , lol . Anyway , I don't know , we will , see , next year will be a new , different year , hopefully always , Smile
 dule-vu25/09/2020 20:30:11 GMT
when corona make your budget smaller and you already spend so much money on olympic games which should already been played and you need to maintain for all of this halls and stadiums,then ofcourse you will spend lot of money!you can imagine how much they would lose even no people would be there and nobody would spend any euro on tickets,hotels,ariplanes and so on!
 CALICUL26/09/2020 08:56:21 GMT
Everything is return to normal in some Asian countries after this coronavirus (covid 19), but in Europe or the USA it is not over yet. It seems that some countries are taking restrictive rules again. We'll see what happens, but Japanese people are lucky.

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