Japan casinos would get Vegas-style regulator under legalisation plan
TOKYO (REUTERS) - Japan would establish an independent gaming regulator modelled on the authorities that police casinos in Las Vegas and Singapore under a draft plan to legalise gambling in a market seen as potentially the second-largest in the world.
The policy outline, which was prepared by Japanese lawmakers who favour casinos and reviewed by Reuters, outlines broad standards for licensing and regulating casino operators and their partners.
After more than a decade of lobbying by lawmakers, a bill to legalise casino gambling is seen as having a good chance of passing in the coming months with the business-friendly Liberal Democratic Party in power and after Tokyo - a likely casino host - won the bid to host the Summer Olympics in 2020.
MGM Resorts International, Las Vegas Sands Corp , Melco Crown Entertainment and Wynn Resorts Ltd are among the global operators that have shown interest in developing a casino resort in Japan.