Japan Opens First Casino, Despite Major Gambling Problem in the Country
According to a Gaming Commission brochure, know your limits and when to stop. Japan is just getting started. The country's first casino will open in 2029. Fear of gambling addiction loses out to the desire to attract tourists.
Japan has strict gambling laws, but in 2018 it was decided that some resorts may have casinos. Since then, it has been searching for locations. The first location approved is in Osaka. On an artificial island off the coast, a hotel, conference centre, shopping centre, museum and casino are being built.
The construction will cost 1.08 trillion yen (7.4 billion euros). The site will be operated by a consortium of companies, the largest of which are US casino giant MGM Resorts and Japanese financial services company Orix. Together they own 40 percent of the share...