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Japan bets on casinos to fund earthquake recovery

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Croupiers and poker players could fuel Japan's recovery from the March earthquake and tsunami as the country moves closer to legalising casinos.

A cross-party group of MPs wants to resurrect a 2006 campaign to put casinos on the same legal footing as betting on horse, speedboat and bicycle racing.

The cost of rebuilding the north-east coastline, estimated at $245bn, has given fresh impetus to the campaign, which has the support of a growing number of influential politicians including four former prime ministers. Members of the 150-strong group have met senior police officials in an attempt to calm fears that casino resorts of the kind springing up elsewhere in Asia will fall under the influence of the yakuza - Japan's answer to the mafia.

"Some members of the Diet are now insisting that casino legislation be passed," according to Gaming Capital Management, a US-based group that funds casino construction. "Casinos are a great taxation source and can contribute a lot under current financial difficulties related to the earthquake recovery process." (telegraph.co.uk)


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