The casino companies are increasingly envisioning a clearer picture of how the casino law in Japan will look.
Prime Minister Shinzo Abe's government recently asked lawmakers to draw up plans to charge citizens for playing casino. The LDP also decided to allow three casino-resorts to be built in the early stages.
In another move, the Kyodo newspaper reported that the LDP would fine $ 4.7 million for casino companies that take unauthorized actions in order to obtain the casino license.
In its draft, the government requires casino companies to seek permits through a business plan submission plus a plan to fight gambling. These companies also have to submit another certificate that their leader has nothing to do with the mafia.
Casino leaders found to be seeking a license through a fraudulent way will be fined up to 5 years in jail and 5 million yen. They will also be hard pressed to renew their license.
Investment analysts now suggest that tight rules should be seen as positive rather than frightening.
International regulator Morgan Stanley noted that the proposed 30% tax rate was lower than the 39% of Macau.
Morgan Stanley expects casino revenues in Japan to be $ 15 billion by 2025, and pre-tax earnings and depreciation will range from $ 1 billion to $ 2 billion.
Casinos will be fined up to $ 4.7 million in Japan
The LDP ruling party and Komeito alliance are in the final stages of finalizing rules to regulate the behavior of future casino businesses in the country.
Prime Minister Shinzo Abe's government recently asked lawmakers to draw up plans to charge citizens for playing casino. The LDP also decided to allow three casino-resorts to be built in the early stages.
In another move, the Kyodo newspaper reported that the LDP would fine $ 4.7 million for casino companies that take unauthorized actions in order to obtain the casino license.
In its draft, the government requires casino companies to seek permits through a business plan submission plus a plan to fight gambling. These companies also have to submit another certificate that their leader has nothing to do with the mafia.
Casino leaders found to be seeking a license through a fraudulent way will be fined up to 5 years in jail and 5 million yen. They will also be hard pressed to renew their license.
Investment analysts now suggest that tight rules should be seen as positive rather than frightening.
International regulator Morgan Stanley noted that the proposed 30% tax rate was lower than the 39% of Macau.
Morgan Stanley expects casino revenues in Japan to be $ 15 billion by 2025, and pre-tax earnings and depreciation will range from $ 1 billion to $ 2 billion.
0 comments:
Post a Comment