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Japanese companies want to build casino near Tokyo

By Bloomberg News

POSTED:



Mitsui Fudosan Co., Japan's largest property developer, is seeking approval for an entertainment complex and resort in Tokyo with construction firm Kajima Corp. and Fuji Media Holdings Inc., a government website shows.

The companies have applied to set up an entertainment complex in Tokyo's Odaiba area, according to the website of the country's cabinet secretariat.

They have teamed up for a possible casino resort, Reuters reported Nov. 8. Tokyo's selection to host the 2020 Olympics has boosted speculation the government will open up the market to casinos, and companies including Las Vegas Sands Corp. and Wynn Resorts Ltd. have said they plan to invest in Japan.

A lawmakers' group plans to submit a bill to parliament as soon as this year to legalize casinos in Asia's second-largest economy, where gambling such as pachinko and betting on horse, boat and bicycle races is allowed.

Mitsui has put in a plan for a commercial area that includes a hotel, convention centers and shopping area, according to Mitsutoshi Tenda, a company spokesman, who declined to say if it included a proposal for a casino. A Kajima spokesman, who asked not to be named due to company policy, said the company had submitted a plan to develop the Odaiba area.

"We are not the source of information," a spokeswoman for Fuji Media said by phone in response to questions on the Reuters article, declining to give her name due to company policy.

The Nippon Foundation, a non-profit organization, was also named as part of the group on the government website. It said via e-mail that it was part of the proposal, while declining to say if the details of the plan include casinos.







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serious wrote:
The Japanese are smart, rather than raise taxes they will have a casino to get the yen from the tourists. I wonder why Hawaii doesn't have any smart people??
on November 11,2013 | 04:09AM
cojef wrote:
Question of time? When approved it will be "Johnny come lately" and all the lost taxes would be "sour grapes" for sure. Hawaii has a penchant of being a follower, rather than the leader of the pack.
on November 11,2013 | 06:26AM
false wrote:
Too many stubborn religious nuts still here. Maybe there's hope on the aftermath of the SSM victory for progress.
on November 11,2013 | 08:42AM
jussayin wrote:
Fully agree; Japan is smart. It'll be an additional attraction with increased revenues for the country. And yup, we're stuck in the oldies era in Hawaii.
on November 11,2013 | 10:35AM
Mythman wrote:
I can see it coming on the horizon - since Waikiki is a suburb of Japan, and since some people have been stalling letting casinos open in Hawaii, and since they are investing heavily in Waikiki hotels again, it can't be long before this news outlet announces the Japanese Casinos are coming to Waikiki. Meaning of course, we get the short end of the financial deal, except for the jobs our unions like us to have. Pearl Harbor Two - the sinking of the local economy by our biggest source of tourism. The native would have and could have ushered in so called Indian gaming twenty five years ago but Dan Inouye said "over my dead body" because he had a deal with Ginteng. Well, Dan has walked on so what's is the problem now? Native Hawaiians, time for you to get smart. Starwood and others are about to perpetuate the shaft.......
on November 11,2013 | 10:50AM
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