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Tokyo, Osaka, Yokohama and a city on the northern island of Hokkaido are said to be planning bids for casino licenses. "This is a landmark occasion and should be a shot in the arm as it relates to investor sentiment in all gaming names that could be players in Japan," Grant Govertsen , a Macau-based analyst at investment firm Union Gaming , said in a commentary. Japan's existing forms of gambling include lotteries, pachinko a kind of pin-ball machine and wagering on horse, auto, bicycle and power boat racing. It could become the world's second largest gambling market behind No. 1 Macau, Govertsen said. "Quite simply, it represents the next and perhaps only other large opportunity to develop large-scale integrated resorts in Asia for a lot of these companies," he said. "Some of these companies, their revenues and cash flow are so large today that it would take an opportunity like Japan to move the needle for them." Billionaire U.S. casino moguls such as Sheldon Adelson , head of Las Vegas Sands Corp., and Steve Wynn of Wynn Resorts, or their representatives have often visited Japan to lobby for legalization. Adelson told analysts in 2014 that his company was "willing to commit substantial bad credit small business loans capital investment to develop large-scale, truly iconic integrated resorts" if Japan legalizes casinos.

http://www.seattlepi.com/news/article/Japan-moves-to-allow-casino-gambling-at-10797642.php

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