Japan approves $10.8 billion Osaka resort, country's first casino

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Japan approves $10.8 billion Osaka resort, country's first casino
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TOKYO — Japan on Friday (April 14) approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.08 trillion yen (S$10.8 billion) resort set to open in 2029, aimed at attracting domestic and international tourist spending. The giant resort complex located on Yumeshima, a reclaimed island in Osaka Bay due...

The spinning wheel on a roulette table is seen at Japan Casino School in Tokyo, Japan, on Aug 4, 2018.TOKYO — Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.08 trillion yen resort set to open in 2029, aimed at attracting domestic and international tourist spending.

Japan is seen as a prized market for casino operators because of its affluent population of 126 million and proximity to Asia's wealthy gamblers, although opinion polls have shown many citizens worry about addiction and crime. Prime Minister Fumio Kishida on Friday said the project would contribute to the economic growth of the Kansai area around Osaka and greater Japan after World Expo 2025, as the country aims for a post-pandemic rebound in tourist spending.

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