Fraudulent casino bids to cost operators $4M in latest Japan IR proposal

Casino operators are slowly getting a clearer picture of how Japan’s Integrated Resorts bill will look like ahead of the start of the Japanese Diet session late this month.

Over the past weeks, Japan’s ruling party Liberal Democratic Party (LDP) and its junior coalition partner Komeito party have been trying to map out details on a bill specifying rules for the structure of the country’s integrated resorts.

The government of Prime Minister Shinzo Abe recently presented LDP lawmakers a plan to set a casino entry fee for Japanese residents. The ruling party also concurred to allow three resorts in the initial phase of liberalization.

In yet another development, Kyodo reported that the LDP will propose a ¥500 million ($4.7 million) fine against casino operators that will be found to have obtained their business licenses through fraudulent means.