All six of Macau’s licensed casino operators \u2013 Sands, Wynn, MGM, Melco, Galaxy, and SJM — are expected to make proposals in Japan. Investments could reach upwards of $10 billion per resort.<\/strong><\/span><\/p>\nMorgan Stanley believes the three casinos will generate $15 billion in annual gross gaming revenue by 2025. That would be more than two times the size of the Las Vegas Strip’s roughly 40 casinos.<\/p>\n
LDP Power<\/b><\/h2>\n
Despite opposition seeking to delay a vote, the LDP has the power to push the Japan casino bill through at will.<\/p>\n
Along with the Komeito, its coalition partner, the controlling parties hold 150 of the House of Councilors’ 242 positions. In the House of Representatives, the LDP and Komeito represent 312 of the 465 seats.<\/p>\n
With ample majority in both legislative chambers, the presumption is that the gaming legislation will eventually pass. LDP officials have almost guaranteed as much.<\/p>\n
Abe has directed his coalition to pass the IR bill before their June 20 scheduled adjournment. If they fail to do so, LDP leaders said they would propose extending the legislative session.<\/p>\n
LDP lawmakers estimated that passing the casino statute would take around 45 days from receipt (April 27). Today marks day 46 since Abe’s Cabinet presented the measure to the National Diet.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japan casino bill that would authorize three commercial integrated resorts (IR) is expected to receive a vote this week in the National Diet’s House of Representatives. Prime Minister Shinzo Abe’s Cabinet introduced the IR bill to the legislature in late April. As drafted, the measure would allow three multibillion dollar resorts to be constructed […]<\/p>\n","protected":false},"author":25,"featured_media":80540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,61,13592],"tags":[],"acf":[],"yoast_head":"\n
Japan Casino Bill Vote Could Come Wednesday in Lower House<\/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