Japan’s ruling coalition parties have reached an agreement on proposed restrictions to the number of times Japanese residents will be allowed to enter the nation’s casinos, with the Liberal Democratic Party endorsing a limit of three visits per week and 10 per month.
The restrictions, heavily endorsed by the LDP’s junior coalition partner Komeito, will now form part of the IR Implementation Bill to be submitted to the Diet in the coming months. The Bill will set the specific guidelines and requirements for casinos in Japan.
However, the two parties are still at loggerheads over a number of other key aspects of the Bill, including the number of licenses to be issued and entry fees for residents.
According to Kyodo News, the LDP – which has previously called for an entry fee of ¥2,000 ($19) per person – offered a compromise of ¥5,000 ($48) per person during a meeting on Tuesday but Komeito is yet to budge from its preferred fee of ¥8,000 ($75).
Likewise, Komeito wants no more than three casino licenses issued while the LDP prefers five.
The exact details of the IR Implementation Bill will be crucial to determining how much foreign operators are prepared to invest should they win one of the coveted Japan casino licenses.
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