Japan: Tsukasa Akimoto, a lawmaker from the ruling Liberal Democratic Party, who once oversaw issues related to integrated casino-resort projects, has been arrested on suspicion of taking bribes from a Chinese company involved in online gambling.
Japan's ruling parties reached a consensus Tuesday on a bill that will pave the way for casino gambling in the country, with people living in Japan to be charged 6,000 yen in entrance fees while foreign visitors can enter for free.
Chinese casino firm ‘bribed Japan vice minister’. Tsukasa Akimoto resigns from Abe’s ruling party following arrest
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A Japanese lawmaker was arrested on suspicion of accepting bribes worth tens of thousands of dollars from a company that wanted to build a casino, Tokyo prosecutors said Wednesday. Tsukasa Akimoto, a former member of Prime Minister Shinzo Abe's ruling party, received three million yen in cash in 2017, prosecutors said in a statement without identifying the company. The arrest could put pressure on the Abe administration, which legalized casinos in 2018 despite bitter opposition. Prosecutors alleged he received the money "Knowing the company provided it for the purpose of asking for favorable arrangements" for casino projects. The policy's supporters argue that casinos will boost the stagnant economy by bringing in tourists and business, similar to regional gambling hubs like Macau. Japan is often viewed as the holy grail of gambling in Asia because of its wealthy population, proximity to the huge Chinese market, and an appetite for other forms of legal gambling such as horse racing and pachinko, a slot machine-style game.
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Japan: Tsukasa Akimoto, a lawmaker from the ruling Liberal Democratic Party, who once oversaw issues related to integrated casino-resort projects, has been arrested on suspicion of taking bribes from a Chinese company involved in online gambling.
This is the best tl;dr I could make, original reduced by 75%. (I'm a bot)
Tsukasa Akimoto, a ruling Liberal Democratic Party lawmaker who once oversaw issues related to integrated casino-resort projects, was arrested on Dec. 25 on suspicion of taking bribes from a Chinese company involved in online gambling. Tokyo prosecutors suspect that Akimoto, 48, accepted about 3.7 million yen in bribes in return for providing favors to the company, 500.com, in its efforts to operate a casino business in Japan. Prosecutors initially investigated Akimoto in connection with a possible violation of the Foreign Exchange and Foreign Trade Law by a Japanese man claiming to be an executive officer of 500.com. Akimoto gave a lecture at the symposium along with the company's CEO. Prosecutors suspect that Akimoto accepted 3 million yen in cash from three company officials in Tokyo in late September 2017, sources said. Three months later, in December 2017, Akimoto invited other Diet members to accompany him on a tour of IT companies in Shenzhen, where he visited the headquarters of 500.com, according to sources. The sources said the CEO told Akimoto and the others that 500.com was interested in integrated resort projects in Japan, saying, "It will be a business opportunity if can operate casinos in Japan."
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Japan's parliament Friday approved contentious law allowing up to three casino resorts to open in this wealthy nation and possibly lure more foreign visitors. The bill approved and enacted into law at upper house after bulldozing by ruling bloc. The lower house passed it last month.
Japan's parliament Friday approved contentious law allowing up to three casino resorts to open in this wealthy nation and possibly lure more foreign visitors. The bill approved and enacted into law at upper house after bulldozing by ruling bloc. The lower house passed it last month.
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Japan's parliament on Friday approved a contentious law allowing up to three casino resorts to open in this wealthy nation and possibly lure more foreign visitors. The enactment of the "Integrated resorts" law means casinos can operate at resorts that include hotels, conference rooms and shopping malls in the mid-2020s. Opposition lawmakers said the casino law would only allow foreign operators to make money off Japanese. Constitutional Democratic Party of Japan leader Yukio Edano criticized the casino law and other policies of Abe's government, filibustering at an earlier lower house session for 2 hours and 43 minutes, the longest known since 1972. The law will allow up to three casinos to operate but they are unlikely to open until the mid-2020s, after the Tokyo 2020 Olympic Games. MGM welcomed the passage of the law, saying in a statement that the development would push forward its effort, together with its Japanese business partners, to create a "Uniquely Japanese, world-class integrated resort." The company, which set up a Japanese subsidiary in 2014 when Japan started discussing casinos, said it will launch an Osaka office in September.
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Japan's parliament Friday approved contentious law allowing up to three casino resorts to open in this wealthy nation and possibly lure more foreign visitors. The bill approved and enacted into law at upper house after bulldozing by ruling bloc. The lower house passed it last month.
Japan’s potentially lucrative commercial casino market has been years in the making and has seen frequent delays, but a development in recent weeks signals new progress. Japanese lawmakers moved ... There are three Japan casino licenses up for grabs, and a recent government survey found that at least eight, and as many as 11, areas are interested. Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Philippines, Russia, Vietnam Asian junket operator Suncity Group Holdings Limited has reportedly announced that it intends to begin construction on the second phase of its $4 billion Hoiana integrated casino resort from sometime later this ... Japan is an island nation located in the Pacific Ocean to the east of Russia, South Korea, and China. Colloquially referred to as the Land of the Rising Sun, it occupies a territory of 145,000 square miles and has around 126.5 million citizens, which makes it one of the world’s most densely populated countries. The rules also state that records of meetings must be kept and stored for 10 years after the date of a locality’s selection. Which localities are interested in building casino resorts? Mystino is a new casino that is consistently fun to play and user-friendly, in way that is unlike conventional online casinos. Which is why, you can experience the inherent fun in casino games, without being shackled by complicated and demanding rules. Japan casino legislation was passed last December, but before gambling comes to the Asian country, a second bill of rules and regulations must be drafted. Japan: Gambling Laws and Regulations 2021. ICLG - Gambling Laws and Regulations - Japan covers common issues in gambling laws and regulations – including relevant authorities and legislation, application for a licence, licence restrictions, digital media, enforcement and liability – in 37 jurisdictions. Japan Delays Deadline for Taking Casino Bids, Citing Pandemic, Bribery Scandal. Japan’s central government is set to push back a July 2021 deadline for cities/prefectures and their preferred partners to build... Japan casino rules to be tightest ever: cabinet official. Nov 14, 2018 Newsdesk Japan, Latest News, MGS Entertainment Show 2018 . Japanese authorities are working to set the “tightest gaming regulations in the world” as part of the country’s casino legalisation efforts, said an official with Japan’s Cabinet.
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