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However, an ageing player base combined with a distinct lack of investment means that attendance has sunk near enough consistently since the mid-1990s, and the introduction of the casino business to Japanese shores could either kill or kick-start the industry. MGM, the largest casino operator on the Vegas Strip, stated in February that it would be willing to inject between $5bn and $10bn into the Japanese market, whereas Las Vegas Sands, the largest gambling firm in terms of market value, is ready to invest $10bn or “whatever it takes” to win a share. Although supporters of the bill have put forward a compelling economic case for casinos, whether it is in relation to tourism (see Fig 1), employment or tax revenues, negative perceptions are still widespread, and are shaped primarily by fear of crime. “If the Japanese Parliament did pass legislation approving casinos, it would require a two-year study to decide all the details and administrative structure of the industry. “Given the political process and the very emotional issues surrounding casinos, I think the likelihood of casino legalisation in the next year is very small,” said Ellsworth. However, there are some who are less than optimistic about the passage of a casino law any time soon, and believe the obstacles to progress to be too great.
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