Racino/Casino

Casino/Racino

A bill that would have legalised casino gambling died when Japanese Prime Minister Shinzo Abe dissolved parliament on Friday. That means lawmakers cannot pass regulatory legislation next year, making it highly unlikely that any casinos will be ready in time to profit from tourists arriving for Japan’s 2020 summer Olympics. Developing new markets is important for casino companies as China’s corruption crackdown and a slowing economy curb revenues in Macau, the world’s biggest gaming hub. October revenues in Macau fell 23 %, the largest monthly drop on record. Japan is seen as the biggest unclaimed prize, a market that research firm Union Gaming estimated would generate $15 billion in annual revenues, more than double what Las Vegas recorded last year.







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