Casino Politics News Story
Casinos are popping up all over Asia.
Their biggest risk is political. Hoodlums from Yakuza crime gangs tout illicit thrills from a well-thumbed menu of sex, drugs and gambling. Takeshi Iwaya, a politician, wants to pull gambling out of the seedy company it keeps in Kabukicho and put it into giant family-friendly casinos.
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He is lobbying for Japan to lift its ban on casinos. Singapore, home to a couple of new upmarket casino resorts, is the model. Receive our Daily Dispatch and Editors' Picks newsletters. Before it can reach such lofty heights, however, Japan must legalise casinos. It has been debating doing so for years, but supporters say they have finally lined up all the ducks. A cross-party group of politicians supports the move, including the prime minister, Shinzo Abe, says Mr Iwaya.
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Legalisation still has its opponents. Keiko Itokazu, another parliamentarian, worries that the Yakuza gangs have a record of muscling in on legal businesses, from property to banking. Mr Iwaya responds that there are already lots of illegal casinos in Japan; bringing the business out into the open can only make things Capping Casino Knokke Adreset. Vietnam is looking to boost foreign tourism by expanding its casinos, and proponents of gambling are making headway in Sri Lanka and Taiwan.
In July Australian lawmakers approved a proposal by James Packer, a billionaire businessman, to open a second casino in Sydney.
They are also partners in a casino now being built in the Philippines. Mr Packer has said he is also keen to move into Japan as soon as it liberalises. He will Casino Politics News Story competition closer to home: Tony Fung, a Hong Kong tycoon, plans to build a gambling resort in Queensland.
The Philippine capital is famous for many things—floods and traffic jams for a start—but not for striking architecture. Now, however, on a large plot of reclaimed land overlooking Manila Bay, it is getting four big and impressive casino buildings at once. It is a sleek plate-glass affair with a suitably flashy interior created by Paul Steelman, a casino designer from Las Vegas.
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This Casino Politics News Story the minimum investment required to win one of the four licences on offer. The other three Manila projects are joint ventures with overseas operators. The Belle Grande, to be operated by Melco, is due to open next year. It has run into various legal troubles that may delay it, including allegations of bribery and using front companies to own land on its behalf. The fourth project, Resorts World Bayshore, is backed by Genting, a gambling giant with global ambitions it is also planning to buy an ailing casino in Vegas.
Older casinos had acquired a dubious reputation as smoke-filled dens for solitary gamblers. RWM demonstrated that a casino complex could appeal to the whole family by incorporating shows, cinemas and posh shops. Solaire expects about half of these high-rollers to come from mainland China and another third or so to hail from Japan and South Korea.
The only cloud on his horizon is geopolitical: All of the countries in Capping Casino Meme Generator region have a similar love-hate relationship with China, in which diplomatic spats can all too easily flare up.
Keep me logged in. Casinos in Asia 2 Place your bets Casinos are popping up all over Asia. Middle East and Africa 7 hours ago. Italy heads for fresh elections. Europe 8 hours ago.
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