For those of you who has been to Japan, have you tried Pachinko there? Pachinko is a game similar to pinball & is very popular in Japan, & Celest became addicted while we were there...lol... Me? no interest.
Well they don't have casinos there, at least not yet but this Pachinko game generates some $200 billion in revenue each year for them , that's about the same as Toyota Motor Corp!!!
Lately some of their politicians plans to legalize casinos in Japan. They argued that Japan could become a profitable gaming center,
providing tax revenues to raise the state’s shrinking funds, analysts think. If
two big resorts were approved, Japan’s gaming market could be worth at least
$10 billion, more than Las Vegas’ $6.2 billion in 2012.wow....
But as always it's not so easy, many analysts do not think the bill will
have enough political support. In 2012, the attempt of introducing a casino
bill to raise money for rebuilding northeast Japan after the 2011 earthquake
and tsunami failed in the face of a poll conducted in December.
In March, Shinzo Abe said he could see the economic
benefits of introducing casinos, but he also said that additional studies have
to be made in order to estimate the potential social costs. But whatever it is, will it take business away from our IRs? I hope not. Also why do so many people love gambling so much?
