Japan Gaming Congress lays groundwork for IRs

Excitement over the prospects for IR development in Japan was palpable at the just-concluded Japan Gaming Congress. Held at a major hotel in central Tokyo, it drew in a capacity crowd of 450 people, mixing international operators with local Japanese businesses and others who hope to become stakeholders in what is predicted to become a multi-billion dollar industry. More than half a dozen Japanese lawmakers spoke on the opening day of the two-day conference, including Deputy Chief Cabinet Secretary Koichi Hagiuda, a close aide to Prime Minister Shinzo Abe. Coincident with the conference was a meeting of a government panel, which tentatively agreed that any IR to be licensed would be required to include five types of facilities: a casino, a hotel, a convention center, leisure facilities, and an institution that provides information and assistance for domestic travel. Speakers at the Japan Gaming Congress agreed that the government was likely to...

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