Japan May Introduce Casinos

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Japan-CasinosHard to believe, but although Japan is the world’s third largest economy, behind the United States and China, it is not home to casinos as we know them, but that may soon change.

The United States boasts a commercial casino industry of about $37 billion annually. Macau, which is a special administrative region of China, is about equal to the U.S. output.

Betting currently exists in Japan on Pachinko, a popular pinball-like slot machine that awards prizes. Estimates put Japan’s casino market at $10 billion.

According to Reuters, Japan lawmakers plan to introduce a proposal this fall. However it’s not a sure bet. Opponents worry about rises in gambling addiction, among other social consequences.

Japan has a population of about 128 million.

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