In hopes of gaining an advantage over its competition and secure the rights to build at least one of the integrated casino resorts set for Japan, Asian gaming. Casino magnate Lawrence Ho — son of Macau gaming legend Stanley Ho — is eyeing a major foray into Japan as he seeks to broaden his family's reach. The man is among thousands in Japan whose gambling compulsion had gone largely unnoticed until a plan to introduce casino resorts forced. A digital illustration shows what an integrated casino resort might look like at a proposed site in Yumeshima. Cabinet Fiscal policy Foreign policy Ministries Prime Minister list Deputy Prime Minister. While key details such as taxes and the level of access to casinos by Japanese nationals have yet to be decided, the latest bidding framework means operators and local governments will need to accelerate talks on any tie-ups, Morgan Stanley analyst Praveen Choudhary wrote in a note to clients. Yumeshima, top, a man-made island in Osaka Bay, is a candidate site for casino resorts. The government aims to submit the bill to an extraordinary Diet session seen starting this fall. Jul 11, Newsdesk Interviews , Japan , Latest News. These include banning cash machines on casino floors, restricting credit card purchases of casino chips to foreign customers only, prohibiting casinos from extending credit to domestic customers, limiting how often domestic customers can visit gambling houses, and prohibiting Macau-style VIP junkets. Opponents have long argued that casinos foment gambling addiction a major problem with pachinko and stoke money laundering and organized crime. The Diet enacted a law to legalize casinos in December amid ongoing public concerns over potential social ills, including surges in gambling Casinos function much like financial institutions. Customers who borrow directly from a casino can also rest assured that any debt collection will be handled through the collections department or a relevant jurisdiction's courts -- and not through intimidation or other illegal methods.
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