Japan’s ruling Liberal Democratic Party (LDP) and coalition partner Komeito will submit its integrated resort bill to parliament on 27 April, according to a report by Reuters.
Citing Chikako Ikeda, an official at the LDP’s political affairs committee, as well as another unnamed LDP lawmaker, Reuters said the LDP would now push for the bill to be passed before the end of the current Diet session on 20 June.
Notably, the report claims that the latest draft bill includes a shift away from a 3% cap on casino floor space within each integrated resort as agreed by the coalition earlier this month. Instead, the draft bill suggests that the LDP will set the upper limit at a later date – potentially opening the door for larger investments by operators.
The bill does, however, include all of the other agreed points including a ¥6,000 entry fee for residents, flat 30% tax on revenue and a provision for three IRs to be built in the first round of IR development.
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