Osaka proposes a safer gambling ordinance

Officials in the city of Osaka are apparently working on a draft legislation that would seek to institute measures for the purpose of combating gambling addictions. This comes at the same time as they are attempting to secure one of the upcoming three casino licenses that Japan will soon award.

The legislation that was provisionally approved yesterday is thought to be the first of its kind in Japan, and it will now be debated by the superior Osaka Prefecture Assembly during this body's autumn session, which is scheduled to run until December 15, according to a report from GGRAsia. This session is scheduled to run until December 15. According to the source, this action is being considered a crucial step in the event that the Kansai metropolis, which has a population of approximately 2.7 million people, hopes to persuade the federal government that it is acceptable to host an envisioned casino resort in the style of Las Vegas.

Pairs who are participating:

The nation of Japan is home to almost 126 million people, and in July of 2018, it is reported that legislation was passed that will see the government award a trio of disparate communities with the right to build and run enormous casino resorts featuring hotels, convention facilities, and large gaming floors. Japan is home to a population of almost 126 million people. Osaka and Nagasaki Prefecture are said to have sent in their official applications back in April, and it is possible that they will find out the results of these bids by the end of the year.

Impressive intent:

Osaka is reportedly planning to allow MGM Resorts International, in partnership with a local financial services behemoth called Orix Corporation, to bring a $7.4 billion casino resort to a 121-acre portion of its man-made Yumeshima Island, should it get this final nod. If it does, Osaka intends to allow MGM Resorts International to do so. This proposed establishment might ostensibly open by the end of 2029, and after that, it would be managed by the American company under the terms of a 40-year license. This arrangement is intended to boost the state of the regional economy by drawing in an even greater number of visitors from other countries.

Suspicion over the timetable:

According to GGRAsia, an unidentified Osaka official stated that the city expects to learn whether or not its proposal has been accepted by 'March of 2023 at the latest.' Nevertheless, any additional delays may potentially impede the project's ultimate timeframe 'by one to three years.' The figure is said to have furthermore noted that the language contained within the draft ordinance is based on federal recommendations and calls for the establishment of a gubernatorially-led 'headquarters' to come up with safer gambling measures alongside a facilitating 'expert panel' to facilitate the process. This language also calls for the establishment of a gubernatorial-led 'headquarters' to come up with safer gambling measures.

Previous endeavor:

Reportedly disclosing in April that it would be submitting a draft ordinance for the promotion of safer gambling, the Osaka Restoration Association, which holds a majority in the Osaka Prefecture Assembly via a coalition with the center-right Komeito political party, announced in that month that it would be working on the legislation. It was only a month later that the local chapter of the Liberal Democratic Party, which is a minority party, was rumored to have put forward its own rival plan; however, this effort was ultimately thwarted due to fears that it did not have adequate funds.