Spring at last!!
You’re all receiving this monthly announcement a little earlier than usual because I’ll be off to vacation tomorrow!! I’m going to Las Vegas for an entire week. Exciting? Well… believe or not, I DO NOT gamble, so I’m not sure what I would be doing the entire week.
So, how about gambling in Japan? Gambling in Japan is generally banned by the Criminal Code; however, there are several exceptions, including betting on horse racing (keiba), certain motor sports. Public sports and lottery (takarakuji) are held under special laws in order to increase the income of national and local governments as well as to offer a form of entertainment for many people. Pachinko is a pinball-like slot machine game, and it is officially not considered gambling because Japanese laws regard pachinko as an exception to the criminal code on gambling for historical, monetary, and cultural reasons.
It appears there would be “Strip of Japan” casinos could rival Las Vegas by 2025. What do you think about that?? There was an article published in 2017 that reported a strip of full-scale resorts on Osaka’s Ymeshima Island in Japan could generate $10.9 billion a year in gaming revenue and rival Las Vegas. Osaka is diligently preparing for the 2025 World Expo. This related news, updates were released recently, and the Japantimes reported that there is a growing confidence the man-made island, Yumeshima island to be the one of Japan’s first casino resorts, and Kansai’s business leaders are stepping up efforts to win local approval and central government funding for major transportation infrastructure projects over the next two decades.
Another fun fact about this Yumeshima island is that there is an underground network currently in progress, too. This project has begun in 2018 and is set for completion in 2024, will conclude in a futuristic social life infrastructure, comprising a 55-floor skyscraper that will reach about 250 meters in height, and will contain entertainment facilities, offices, retail spaces, and a hotel. Additionally, the plan includes the renovation of 15 existing stations on the midosuji and chou lines, self-driving vehicles, underground streets, and new digital functions and services.
Board Chair/Executive President
Spring at last!!