On December 5, 2013, a cross-party group of Japanese law makers submitted a draft bill (the "Integrated Resort Promotion Bill") aiming to, among other things, legalize casino gambling. With many now expecting it to pass into law later this year, interest and speculation from the domestic and international community continues to grow as to what the regulatory landscape accompanying this long awaited liberalization will entail.
In this update, we briefly discuss the contents of the Integrated Resort Promotion Bill and key legal issues of interest moving forward for operators, private equity, financial institutions and real estate and construction companies, among others.
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 - The draft bill concerning the promotion of the establishment of specified integrated resort facility areas (tokutei fukugou kankoushisetsu kuiki no seibi no suishin ni kansuru houritsuan).
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