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Today the upper house of Japan's Diet voted to approve gambling legislation that will allow for casinos to be legalized and built in Japan, offering a huge boon for the industry in the country of 127 million.
The Integrated Resorts Promotion bill passed through in an extra session, and the bill is expected to be passed by the Diet's lower house tomorrow. The IRP bill was amended to clearly define how the government would fight gambling addiction, and integrating a review process five years after its passed into law. The draft legislation will completely remove the blanket ban on gambling in the country's constitution, and will regulate and tax land casino resorts. It is hoped that casino properties will be in operation by the time the 2020 Tokyo Olympics is held.
As of press time there was no comment by politicians as of press time, but Casino Listings will update this story as more developments arise.