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This would make Japan the world's second-biggest gambling market, after Macau. Stay ahead with our exclusives on Asia. Your full access to the Nikkei Asian Review has expired You need a subscription to: Read all stories with unlimited access Use our mobile and tablet apps See all offers.{/INSERTKEYS}{/PARAGRAPH} Japan's legal options for betting are largely limited to racing events and lotteries. Offer ends April 30th. Its success has attracted the attention of lawmakers in other countries, including those in Japan. Japanese casinos are a real gamble. Japanese players are also eager to try their hand. Why is Japan important for the casino industry? Get trusted insights from experts within Asia itself. Las Vegas Sands chief Sheldon Adelson and other casino operators spent years lobbying Japanese authorities for market access, which could inject new life into the industry. Several polls conducted by media organizations in the past month or so say a majority of the public did not want the bill passed during the current Diet session. The new law enables foreigners and Japanese nationals who deposit a certain amount of cash at a casino to borrow money from the operator. These resorts offer casinos along with hotels, entertainment and conference facilities. Companies Japan's casino market can top Singapore, says Las Vegas executive. Some lawmakers said this mechanism could prove dangerous. Integrated resorts were first developed in Las Vegas, the gambling capital of the U. The legislation creates a framework for the operation of casino resorts, following up on the integrated-resort promotion law of December It allows casino gambling at integrated resorts. Japan enacts controversial casino gambling bill. Your trial period has expired You need a subscription to Read all stories with unlimited access Use our mobile and tablet apps See all offers and subscribe. Arrow Artboard Created with Sketch. Multinationals in Asia World's casino giants bet big on the golden Japanese market. The first integrated resort is not expected to open until Osaka, which will host the World Expo and is seen as the leading candidate for one of the first three casino licenses, has proposed building a casino and entertainment complex on the artificial island of Yumeshima. Artboard Created with Sketch. Additional resort locations will be considered seven years after the first three are approved. People who are hooked on gambling, these lawmakers say, could go into debt trying to win back their losses. Stay ahead with our exclusives on Asia ; the most dynamic market in the world. Entertainment company Shochiku , which has collaborated with MGM on Kabuki performances in Las Vegas, sees the new law as "an opportunity to enlarge our customer base," said Tomoko Murakami, head of public relations. Sponsored Content. This is one reason the legislation faced opposition in parliament. {PARAGRAPH}{INSERTKEYS}TOKYO -- Japanese lawmakers on July 20 enacted controversial legislation legalizing gambling resorts, a move nearly two decades in the making. The bill was expected to be passed earlier in the day, but the opposition camp threw up one last procedural roadblock: It introduced a no-confidence motion against the cabinet of Prime Minister Shinzo Abe in the lower house. The no-confidence motion proved to be the final delay for a law that Abe and foreign casino operators have long awaited, one that promises to unlock one of the world's last major untapped casino markets. With the law passed, the government will set up a committee in the first half of to manage the licensing process. Read Next. Travel agency and robot hotel operator H. To get the bill passed, it had to emphasize how tightly casino gambling would be regulated. Goldman Sachs estimates the nation's casino market at 1. Sign up to our newsletters to get our best stories delivered straight to your inbox. Who will run Japan's integrated resorts? Gambling addiction has presented a major concern, along with the risk of involvement by organized crime. Tokyo and Yokohama are also studying the possibility. This is a higher ratio than in other markets. The first three licenses will be valid for 10 years, then renewed every five years after that, with the approval of local legislatures. Who will visit the casinos? See also. Copy Copied. Major international casino operators have shown interest in Japan, including U. Photo by Uichiro Kasai. Casinos are the biggest profit contributors at these complexes. Economy Casino law won't offer Japan an instant jackpot. The country also has many pachinko parlors, but the law does not consider pachinko to be gambling. Chinese visitors to Macau have slowed in recent years under President Xi Jinping's anti-corruption campaign. Japan's ruling party faced continuous opposition to the bill in the lower and upper houses of parliament.