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So Much for Abe’s Vision of Vegas Nights

With Japan Prime Minister Shinzo Abe’s decision to dissolve parliament this week, so with it goes the only real chance there was to legalize casino gambling in the country.

A large part of the Prime Minister’s economic growth program (dubbed “Abenomics”), it is now unlikely that the issue will even be debated in the upcoming year as national defense and budget take priority in parliamentary sessions.

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Even if the bill actually does make its way to debate, there is no guarantee of its passage, as Japan has a long and strange relationship with “kind of legalized” gambling.

But even being blindly optimistic about its chances, it is unlikely that any resort would be completed in time for the 2020 Olympic Games in Tokyo. This, not to understate, would be a major missed opportunity.

While many companies (Japanese and foreign) have been actively planning for the day that legalized casino gambling finally made its way to Japanese shores, for now (at least) they’ll have to be content elsewhere.

H/T: Reuters