Japan has liberalized its gambling rules and has allowed for foreigner-only casinos. Three such casinos featuring integrated resorts are to be built in the first phase. Moreover, given the prospects of casino gambling in the region, several gambling operators from across the globe are vying for a casino license in Japan.
However, while a casino in Japan would be a favorite of many, that’s not how the Japanese people think of casinos in the country. A Jiji opinion survey has found that about 60 percent of the Japanese are not in favor of the casino gambling industry and that their major concern is public security.
The majority of people believe that allowing casinos in the country would pose a threat to public security.
The survey found that 57.9 pct of the participants disagreed with the plan, while only 26.6 pct agreed with it.
62.8 percent said they would back the establishment of such a facility in their local areas, while 29.0 pct said they would not.
Eight areas including Hokkaido, the city of Chiba, Tokyo, Yokohama, Nagoya, a combined effort by Osaka Prefecture and the city of Osaka, Wakayama Prefecture and Nagasaki Prefecture are in the race to host a casino in Japan.
According to a recent report from Sanford Bernstein, the Japanese casino market will generate $8 billion in gross gaming revenues annually. As such, it would be smaller than the Nevada casino market which grossed about $11 billion in revenue in 2018.
Since Japan announced its plans for opening the casino and gambling market, analysts held that it would be the second-largest only after Macau. Macau’s casino market is the biggest in the world and generates about $30 billion+ every year. In 2018, the Macau casino industry generated $37.5 billion in revenue.