Regulatory Update: Japan Casinos: Integrated Resort Initiative Update

On December 5, 2013, a cross-party group of Japanese law makers submitted a draft bill (the “Integrated Resort Promotion Bill”) aiming to, among other things, legalize casino gambling. With many now expecting it to pass into law later this year, interest and speculation from the domestic and international community continues to grow as to what the regulatory landscape accompanying this long awaited liberalization will entail.

In this update, we briefly discuss the contents of the Integrated Resort Promotion Bill and key legal issues of interest moving forward for operators, private equity, financial institutions and real estate and construction companies, among others.

Please see full update below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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