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Japan considers legalising gambling World Finance

However, an ageing player base combined with a distinct lack of investment means that attendance has sunk near enough consistently since the mid-1990s, and the introduction of the casino business to Japanese shores could either kill or kick-start the industry. MGM, the largest casino operator on the Vegas Strip, stated in February that it would be willing to inject between $5bn and $10bn into the Japanese market, whereas Las Vegas Sands, the largest gambling firm in terms of market value, is ready to invest $10bn or “whatever it takes” to win a share. Although supporters of the bill have put forward a compelling economic case for casinos, whether it is in relation to tourism (see Fig 1), employment or tax revenues, negative perceptions are still widespread, and are shaped primarily by fear of crime. “If the Japanese Parliament did pass legislation approving casinos, it would require a two-year study to decide all the details and administrative structure of the industry. “Given the political process and the very emotional issues surrounding casinos, I think the likelihood of casino legalisation in the next year is very small,” said Ellsworth. However, there are some who are less than optimistic about the passage of a casino law any time soon, and believe the obstacles to progress to be too great.

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“The bigger pachinko operators seem to favour casino legalisation, as they feel recognition of pachinko as a casino operation would follow,” according to Ellsworth. Major pachinko industry names claim that the introduction of casino companies could well present the industry with a chance to return to former glories, although there are some that remain unconvinced by the effects of such an adjustment. One of Japan’s home-grown sectors that could either cash in or crash out as a result of the bill is the pachinko industry, which, despite stringent anti-gambling laws, has managed to skirt the restrictions in quite spectacular fashion. The fight to gain a foothold in the market is understandable, given that the country looks set to become the world’s second-largest gambling market, should the bill pass and conservative estimates of $20bn to $40bn prove accurate.

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Overall, I was just intrigued on the actual mechanics of how all these games operate across different casinos but I guess there’s no way we’ll ever find out for sure! That an individual slot game has an overall RTP across all the casinos it’s available on and regarldess of where we play it’s going to pay out or not depending on everyone else who has played it across multiple casinos? Two of the casinos I use are by  the same operator (L&L) and have the same games. Is that slot payout/RTP spread across all the different players on various different casinos,  or is the RTP related solely to play on One Casino? Yeah, we’re told that, for example, number of players etc don’t affect a games style/play – odd then that a lot of older games seem to be dead more than they used to.

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The fact remains, however, that pachinko operators are perhaps the most capable gambling entities in Japan, and, should legislators decide to sideline international firms in favour of local players, machine makers such as Sega Sammy could well emerge as the biggest beneficiaries of the bill. “The Japanese are determined to look closely at the potential downside of legalised casino gambling, including problem gambling, the involvement of antisocial forces, and potential negative effects on the family and children,” said Defibaugh. There is pressure to have casinos up and operating in time for the 2020 Summer Olympic Games, but I think the opposition is too great, and it will be difficult to put all the pieces in place by 2020.” Buoyed by rock-solid economic fundamentals and an influx of wealthy tourists, the former Portuguese colony has come to rank as the world’s fourth-richest territory, and revenues for the region’s major casino players have risen hand over fist. Asia’s foremost equity brokerage estimates that the introduction of a mere dozen or so casinos could contribute $40bn in revenue – not far off Macau’s $51bn equivalent and over six times more than what the Las Vegas Strip makes in a year.

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