According to the assessment of a leading business analytic company Morgan Stanley, changes in Japanese law could open up gambling in the country, probably including the online and mobile sectors of the market.
Advanced technological and communications infrastructure and high level of comfort with computers and mobile devices that most Japanese exhibit, as well as their inclination towards gaming are seen as an advantage.
The assessment is based on the Japanese Restoration political party proposal to the Japanese Parliament to open up the land gambling market with casino resorts. In the submitted bill legalisation is possible by the end of 2013, with the first establishments opening their doors around 5 years later.
Morgan Stanley opined that Japanese lawmakers are currently the closest they have ever been to legalising land casinos and in the right sort of legislative and taxation environment major gambling groups would clearly be more than interested in investing billions.
The estimated potential value of the Japanese land casino market has recently reached as high as $44 billion a year, which is close to top dog Macau.
