Japan approves Osaka as site of country's first casino resort

There's going to be a good night's business done in the Ginza hostess industry this evening for our venerable elected representatives.

Japan's casino plans were hampered in the past by the coronavirus pandemic and a bribery scandal that led to the arrest of a high-profile lawmaker. Major casino operators Las Vegas Sands Corp, Caesars Entertainment Corp and Wynn Resorts Ltd withdrew from planned projects.

State-sponsored gambling is a massively regressive venture like lotteries. And exposes all the contradictions of capitalism when the capital poor have more of a chance of striking it rich through gambling than through decades of "hard work".

Very extractive of the wealth of the lower middle class through psychologically addictive methods to the rentier casino operators , like 45 in Atlantic City and often also to organized crime interests.

Even the high roller losses are mainly going to the rentier casino operators.

The benefits to the populace at large are a net negative, full stop.

It's gonna be amazing! Can't wait for it to open!

Gambling can be summed up in one simple statement. Win some lose more.

Casinos can be a bit of fun if you like throwing your money away. Sadly, as with pachinko, it will entice the cash strapped to make a quick buck, but it doesn't work out that way. Move over poverty. Here comes bankruptcy.

Yamaguchi gumi territory.

Ruddy hell, imagine all the low life’s this will attract.

The resort is targeting 520 billion yen of revenue annually, mostly from the gaming business…

…

Revenue?

Is that what it is called?

Taking money from those that can ill afford to lose it…

a bribery scandal that led to the arrest of a high-profile lawmaker

That is an interesting story. That guy was a member of Nippon Kaigi, involved in the olympics, pachinko, the Unification Church, violated the organized crime law, and the list goes on. This is a shady business if there ever was a shady business!

It‘s gonna be amazing!

I mean the social problems.

kurisupisuToday  07:13 pm JST

The resort is targeting 520 billion yen of revenue annually, mostly from the gaming business…

…

Revenue?

Is that what it is called?

Taking money from those that can ill afford to lose it…

Raking in would be closer to the truth, I think.

pathetic.

Having casino alone won't draw in the crowd.

The whole point of a successful casino is entertainment(shows, circus, comedy), fine dining, and gambling at once place to serve as a vacation destination.

Las Vegas has it, Singapore has it.

Not sure Osaka will have it.

The whole point of a successful casino is entertainment(shows, circus, comedy), fine dining, and gambling at once place to serve as a vacation destination.

In other words, decadent US entertainment culture..

Don't forget guns.. LOL..

With the new night life gambling and prostitution go hand in hand. Let the gaming begin!

Unfortunate such a facility has to be built but I guess if it keeps rich Japanese from going to Monte Carlo, Las Vegas and etc to give their money away but instead keeping it in Japan, it's ok.

Us locals have to pay 6,000 yen entrance fee. Being down 6,000 yen from the get-go? No thanks. You can keep your lame casino.