Time running out for June passage of Japan casino bill

    Time is running out for the Japanese parliament to be able to pass a bill legalizing casinos by the end of the current session on June 22, with less than a 50/50 chance remaining, according to speakers at a panel discussion at G2EAsia. The bill needs to be passed by both the upper and lower houses of Japan’s parliament and meeting the deadline would mean that the lower house needs to approve the bill by the end of this month, Takashi Kiso, CEO of the International Casino Institute said. “I’m pretty positive the bill will be passed, but the issue is the timeframe,” he said. Currently, there are about 8 to 10 bills waiting to be deliberated that are ahead of the casino liberalization proposal. Slippage in the passage of the bill casts doubt over whether casino operators will be able to have a casino up and running in time to benefit from the expected flood of tourists to Japan for the Tokyo Olympics in 2020. Kiso said he expects the bill to be passed in an extraordinary session of parliament in October.