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ECONOMY

Outline of government’s draft IR implementing law

  • March 1, 2018
  • , Asahi , p. 4
  • JMH Translation

The government’s draft proposals for the integrated resorts (IR) implementing law stipulating regulations for casino operation, such as entrance fees and so forth, were finalized on Feb. 28. There was no proposal on the number of IRs to be set up in the country, and this key issue will be left to discussions by the ruling parties. While the plan is to submit the draft bill to the Diet in March, IR proponents, who are keen on the economic effects, and those reluctant to introduce IRs are at odds even in the ruling parties.

 

Government proposals on casinos

 

Government proposals

Reaction

Gaming zones

Limited to the smaller of “15,000 square meters” or “the larger of 3% of the total floor space of IR facilities or the total IR land area”

Opposed by Osaka Governor Ichiro Matsui and others

Number of visits

Up to 3 times during a 7-day period, and up to 10 times during a 28-day period

Criticized by LDP members and others for being “too strict”

Entrance fee

2,000 yen

Komeito and others say this is too low

Casino tax

Two proposals: flat 30% rate; 30% for income of less than 150 billion yen and 50% for income over 150 billion yen

Casino operators voice concern

Number of IRs

No proposal

Lauded by LDP members for being “flexible”

 

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