Japanese rail company wants in on casinos

    Local railway operating company Keikyu Corporation is the latest in a string of companies who have expressed interest in getting involved in the casino business should legislation pass later this year legalizing casinos in the country. Keikyu said it would form a project syndicate with trading houses, developers and local businesses to submit a large-scale proposal worthy of one of the limited number of licenses expected to be issued. It has proposed investment in the region of ¥500bn to ¥600bn (US$ 4.8-5.8bn) for an integrated resort featuring a casino, hotel and convention hall.
    The company owns leisure facilities in Japan, including a marina and marine park, and also operates hotels at stops along its private railway that connects inner Tokyo to the Kanagawa Prefecture. The company said it had been assessing potential sites for the casino including Yamashita pier which has great access to Yokohama, one of the country’s largest integrated cities with a population of 3.7 million, as well as the Odaiba district.