Business risk assessments for gambling operators in Japan remain preliminary
Despite the fact that the law on the construction of integrated resorts (IR) was adopted in Japan on July 20, all business risk assessments for gambling operators remain preliminary. This was reported by Hitoshi Ishihara, a partner of the Anderson Mori & Tomotsune law firm.
"We are only at the beginning of the road ... It is difficult to say whether there will be risks, until at least some exact facts are known," - Ishihara explained.
He also recalled that representatives of the opposition during the recent debate in parliament argued that the law paves the way for some problems.
"I think that every aspect needs to be tightened up," Ishihara said. - "At the moment it is rather a basic conceptual law. The selection process is also very loyal."
As for the question of who is actually going to make real political decisions, Ishihara believes that cabinet representatives are likely to play a key role.
Despite the fact that helping clients with solving legal problems related to the forthcoming IR implementation is a part of Ishihara's work, there are currently serious limitations as to what can be done.
In the meantime, gambling operators are eagerly awaiting a license to build integrated resorts.
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