Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Did Japan's Casino Dreams Just Vanish? -- The Motley Fool

E-mail Print PDF

Analysts are still debating the finer points of what Japan's nascent casino gambling market will look like, but the discussion may be a moot point. After the country's national elections earlier this month dealt the ruling party a decisive loss, there may be no casino market at all.

Following the passage of the first enabling legislation last year by Japan's national legislative body, it looked as though casinos were on the fast track to approval. From tax rates and where casinos would be sited to which casino operator will win a new license when they're issued, there has been a lot of talk about how Japan will legislate gambling houses.

Osaka, Japan

Image source: Getty Images.

Lots of speculation

Wynn Resorts (NASDAQ:WYNN), for example, was an early favorite to win a license, but a legal battle with a Japanese businessman and a smaller percentage of square footage devoted to meetings, incentives, conventions, and exhibitions put it at a disadvantage, and now Las Vegas Sands (NYSE:LVS) and MGM Resorts (NYSE:MGM) are the front-runners. Everyone, though, has said they'd be willing to spend as much as $10 billion each to develop the market. 

And where Tokyo was once viewed as a shoo-in to get a casino sited, it's now reportedly fallen, and cities like Osaka, Yokohama, and Nagasaki are the leading candidates.

There is also talk of imposing tax rates of around 22% on casinos, and though it sounds high, that would actually give Japan a competitive advantage since gambling halls in Macau face rates of almost 40%. Conversely, the possibility of strict identification requirements such as submitting Social Security numbers each time you enter a casino might serve to dampen enthusiasm on their acceptance.

Roulette wheel

Image source: Getty Images.

A lost opportunity?

Yet all of this might be much ado about nothing. Legislators had already been dragging their feet on introducing enabling legislation for casino operations, pushing back any bills till later this year and delaying the plans anyone had of getting to work right away. Now all of these grand plans may be for naught.

Prime Minister Shinzo Abe's Liberal Democratic Party suffered big losses in elections held in Tokyo earlier this month, losing nearly two-thirds of the seats it held. On the surface, the local electoral defeat should change nothing nationally, but the crushing losses by the LDP could signal risk countrywide as Tokyo's elections are seen as an indicator of national sentiment. Previous elections where the LDP lost big resulted in similar results nationally.

The only saving grace is that this time, no national referendum need be held until late 2018, so the LDP-controlled Diet could still pass a casino bill. The risk, though, is that large percentages of Japan's population are opposed to making casinos legal because the country has higher rates of gambling addiction than do other countries. Where in most countries, 1% of the population is sad to have a gambling problem, Japan's percentage runs five times higher.

Pachinko parlor

Image source: Getty Images.

The casino legalization bill that passed last December was already a highly contentious piece of legislation and was passed only because of the large majorities held by the LDP. But opponents may now become more emboldened to take on Abe and the LDP on the casino bill while party members may become more reticent.

It's possible Japan's legislature could still pass the bills needed to make casino gambling a reality, and all of the jockeying for position and finer points of regulation will be a necessary part of the dialogue to make the country the most expensive casino market in the world. However, this crushing electoral defeat for the ruling party, though seemingly local in nature, decreases the odds that a casino bill will see the light of day.

Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHhScD4Zohwo_SQHyqRcaSXgNFHqw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779557645199&ei=RB90WeCtEMKahAG7mqHgCw&url=https://www.fool.com/investing/2017/07/22/did-japans-casino-dreams-just-vanish.aspx

You are here