Three Is The Number For Integrated Resorts In Japan
The Japanese ruling Liberal Democratic Party along with its junior coalition party, Mokeito, have come to a compromise on the number of Integrated Resorts the country should have and that number is three.
For more than a year speculation was that the number could be as high as five but with Prime Minister Shinzo Abe under pressure to ensure an agreement was reached three resorts will be built at least in the initial phase.
The Liberal Democratic Party had wanted five and their junior coalition party wanted two so the compromise has been reached with three.
Also agreed was that no increase on that initial number will not be allowed for 7 years after the resorts are built, Komeito wanted a 10 year gap.
One thing that either party has agreed on yet is the amount Japanese nationals should pay as an entry fee to casinos, Komeit wanted a fee of ¥8,000 per person while the LDP wanted it lower at ¥5,000. More discussions are set to take place to be able to reach an agreement on the fee.
With the number now set for Integrated Resorts, it will come as a disappointment to International Casino Operators who are vying for the rights to open an Integrated Resort.