Largest casino in the world 201811/14/2023 Once the only major economy to ban casinos, Japan passed legislation in 2016 paving the way to make the industry legal, with parliament later enacting a law to allow the construction of integrated resorts. While supporters pointed to the additional spending that would come from domestic and foreign gamblers, critics warned that casinos would add to Japan’s already serious gambling problem and become a magnet for organised crime. The global casino industry and lawmakers from Kishida’s Liberal Democratic party spent years pushing for a change in the law to allow developers to build casinos in Japan, the world’s third-biggest economy.įoreign casino operators lobbied Japanese authorities for access to a market that could generate huge profits, estimated by some analysts at $20bn a year if three casino complexes are built. The prime minister, Fumio Kishida, said the complex would promote development in the wider Osaka region and “become a tourism base that will disseminate the charm of Japan to the world”. The city’s bid was approved after “sufficient examination from various perspectives”, the tourism and infrastructure minister, Tetsuo Saito, said on Friday. Authorities in Osaka hope the project will be completed in 2029 at an initial cost of 1.8tn yen (£10.8bn).
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