Japan is going all-in on casinos. Will the gamble pay off?
Japan is going all-in on casinos. Will the gamble pay off?
Japanese MP Tsukasa Akimoto arrested for allegedly taking ...
The Race for a Japan Casino License Is Now MGM Resorts' to ...
Japanese lawmaker arrested over alleged casino-linked bribery
Japan World Casino News
MGM Resorts' Chances for a Casino License in Japan Just ...
Genting in Pole Position for a Japan Casino Resort License
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Gambling 2021 Laws and Regulations Japan ICLG
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Japan casino bribery investigation widens, arcade operator raided. The raided gaming company operates pachinko parlours, a highly popular form of legal gambling in Japan.
Japan casino bribery investigation widens, arcade operator raided. The raided gaming company operates pachinko parlours, a highly popular form of legal gambling in Japan.
This is the best tl;dr I could make, original reduced by 49%. (I'm a bot)
Japanese authorities raided the headquarters of a gaming arcade operator on Thursday as part of a bribery investigation centred on a governing party politician, local media reported, widening a scandal that could undermine government efforts to develop casinos. The Tokyo-based firm was under investigation for possible ties to politician Tsukasa Akimoto, who was arrested on Wednesday on suspicion of accepting bribes when he oversaw the government's policy on casino development, broadcaster NHK said. Following Akimoto's high-profile arrest, Japanese media reported that prosecutors have been expanding their investigation into whether he accepted cash and gifts from 500.com, an online gambling operator based in China interested in developing a casino in Japan. Prosecutors have arrested three other people suspected of bribery and raided the offices of two other ruling Liberal Democratic Party politicians in connection with the case, media reported. While Japan's top government spokesman insisted that Akimoto's arrest would not delay its plans to develop three casino resorts, the investigation will likely raise questions about the bidding process. Analysts say Akimoto's arrest may add to the negative images that many Japanese people have of casinos, and also weigh on Abe, who is fighting allegations of using party funds to entertain supporters, lowering his public approval rating.
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Japan casino bribery investigation widens, arcade operator raided. The raided gaming company operates pachinko parlours, a highly popular form of legal gambling in Japan.
@themotleyfool: Even with just the growth investors can feel pretty sure about, casino operator MGM Resorts looks value priced. But factor in the odds that it'll get a crack at building a casino in Japan… $MGM https://t.co/sIZoWImAG1
YOKOHAMA, Japan (Reuters) - Global casino operators sought to win over a wary Japanese public at an exhibition on Wednesday in the city of Yokohama, after the arrest of a ruling party lawmaker on ... The status of MGM Resorts as the front-runner to be the first casino operator to open an integrated resort in Japan was cemented after Wynn Resorts (NASDAQ: WYNN) said last month that it was no ... The casino operator has outlasted all the competition. ... is the last man standing in the bid to win a casino license in Osaka, Japan, after Genting Singapore dropped ... When Yokohama announced in August that the city will throw its hat into the ring in a bid to host a resort, U.S. casino operator Las Vegas Sands Corp. quickly issued a statement expressing its ... Genting in Pole Position for a Japan Casino Resort License. Resort casinos became legal in Japan in 2018; There will be three casino licenses up for grabs, with the central government choosing three regions or cities to hold a license; The license holder will then choose an operator to partner with; Osaka appears to be a favorite to receive a ... However, in Japan, casino activities including junket business can only be conducted by licensed casino business operators. Therefore, there are no special rules regarding junket business in the IR Implementation Law and each activity of junket business is regulated by the relevant general rule. December 2016 -- Law enacted to prepare for legalization of casino gambling at so-called integrated resorts to be built in Japan. July 2017 -- Chinese casino operator sets up Japanese unit. August -- Top executive of Chinese casino operator and Akimoto appear together at symposium in Naha, Okinawa Prefecture. Another Hong Kong-based casino operator, Galaxy Entertainment Group, also said earlier this month that it is pushing ahead with its project in Japan: While "the Japan[ese] government might take ... Japanese MP Tsukasa Akimoto arrested for allegedly taking bribes from Chinese casino operator Akimoto was in charge of overseeing the government’s policy on introducing casinos. He stands ... Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Philippines, Russia, Vietnam Asian junket operator Suncity Group Holdings Limited has reportedly announced that it intends to begin construction on the second phase of its $4 billion Hoiana ...
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