After the Cabinet Committee ratified the Integrated Resort Implementation Bill late last week, it was expected that the full House of Representatives of Japan would vote on the bill in the near future. The vote took place on Tuesday, with the lower chamber of parliament passing the measure.
Now that the House of Representatives has approved the bill, it will move on to the House of Councillors, the upper chamber of Japan’s parliament. According to GGRAsia, the regular session of parliament is set to end on June 20th. Because of this date, there will be a need for an extension of the current session. Reportedly, the Liberal Democratic Party’s governing coalition and Komeito, its junior partner, are willing to see the extension come to pass so the bill can be moved forward.
GGRAsia reported that on Wednesday, the coalition will be deciding how long the session will be extended. Supposedly, a 30-day time frame is being considered. With the Integrated Resorts Implementation Bill, requirements would be set for the casino industry, including a cap set for the number of gaming resorts that could be created. Only three would be allowed during the first stage of liberalization. Locals would have to pay a fee of $55 to take part, which is being implemented in the hopes of discouraging residents from taking part in casino gaming.
It is believed that if the bill is able to pass during the current session, licensing for the first casinos would be issued by 2020 and the first resorts would be ready for operation by 2025.