15 December 2016
Japan has taken a significant step towards making integrated resorts a reality. On 15 December 2016, the Integrated Resort Areas Promotion Act was passed to promote integrated facilities including casinos, hotels, convention centres and other resort and leisure facilities. Japan’s casino industry could become Asia’s second-largest after Macau, with analysts’ estimates of annual turnover ranging from US$10 billion to US$15 billion. Discussions over potential sites for Integrated Resorts and the legal and regulatory steps necessary for full implementation will heat up over the next 12 to 18 months.
This briefing note describes the key features of the Act and discusses opportunities for potential Integrated Resorts in Japan.