- What would you say are the pros and cons of having legalized casino gambling in Japan? Should make their decision very carefully since the cons outweigh the pros. In some areas legalized gambling appears to prove beneficial and revive people's lives, but in some other areas, it can totally destroy lives as well. The resulting.
- Jan 03, 2019 Live casino betting wasn’t the only way you could gamble anymore. Online casinos surfaced and started gaining much popularity, and for good reason. But if you’re new to this while gambling thing, which should you opt for? This is a detailed mention of the pros and cons of online casinos and how they fare against a live one. Online gambling.
We know that gambling is good as well as bad. The Pros of Gambling. Possible to Win Money. Entertaining & Fun. Easy to Get Started. Various Types The Cons of Gambling. Possible to Lose Money. Hard/Impossible to Win Consistently. People May.
Gambling Pro And Cons Essay
It would not be premature to say that Japan is among the few Asian countries that do not take any advantage from the flourishing casino industry. It is a well-known fact that the Asian gambling sector is expected to become even more competitive and appealing on a global scale but it remains uncertain whether Japan will keep up with the latest tendencies.
Yet, after a number of delays, casino legalization bill was introduced on Tuesday and the outcome is said to be really interesting.
This is the latest attempt of Japanese lawmakers to make casino activities on Japanese soil legal. What makes them so persistent in seeking approval for casino establishment is the fact that the untapped casino industry is said to be extremely beneficial to the economy of the country and the revenue generated is expected to be about $40 billion annually.
This is not the first time when a casino bill has been proposed and people familiar with the matter suspect that there is an underlying reason for that.
Japanese authorities were reluctant to take serious actions towards legalizing casinos as they feared that would inevitably lead to increased crime rates and addiction. For the time being, Japan remains one of the few countries that are to take a piece of the casino pie and attract high-roller and mass market players.
Cons Of Casinos
According to the initial plan, the first casino was expected to open doors by 2020 when the Olympic Games are to take place. However, the multiple delays made it almost impossible, given the fact that the final say about the current bill is to be announced sometime in the summer.
As reported earlier, leading casino operators expressed keen interest in establishing casinos in Japan, including MGM Resorts and Las Vegas Sands.
Although future Japanese casinos are expected to attract players from all over the world, the industry will still have to deal with the competition coming from the other Asian gambling destinations.
Legalized Gambling Pros And Cons
As previously mentioned, the casino sector is currently undergoing revitalization and South Korea, the Philippines and Singapore are about to further consolidate their positions on the market. People with knowledge on the matter consider the opening of the Japanese casino sector beneficial for the economy but on the other hand, the Asian casino industry is slowly but surely getting saturated.