A bill lifting a ban on gambling casinos passed both houses of the Japanese Parliament Thursday, opening up the country to billions in investment, and providing good news for international gaming corporations hungry to cash in on Tokyo’s tourism dollar.
Companies including MGM Resorts International, Las Vegas Sands, and Wynn Resorts have been eyeing Japan to build so-called integrated resorts, the particulars of which will be detailed in a separate implementation bill. The resorts could potentially generate some $30 billion annually. Spread throughout the small country, the cities of Osaka and Yokohama top most lists for the first resorts to be built.
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