Tokyo's Odaiba most popular location for casino resort

Jul 28, 2014

Tokyo's Odaiba most popular location for casino resort

Tokyo’s Odaiba waterfront district is the most popular location in Japan for a proposed integrated resort, including a casino, hotel and convention center, according to a survey released Monday. As many as 25.9 percent of the respondents picked Odaiba as the most attractive location ...

Lawsuits over how to tax losing bets expected to climb

Jul 17, 2014

Lawsuits over how to tax losing bets expected to climb

A series of lawsuits have been filed seeking to classify losing bets on horse races as expenses. Similar lawsuits are expected in light of the Osaka High Court’s decision in May to uphold a lower court ruling last year that allowed losing horse racing ...

Jul 9, 2014

Russia to allow gambling in Sochi

Russia will allow gambling in Sochi in a bid to make continued use of the facilities that were built in the Black Sea resort for the 2014 Winter Olympics. Russia spent $51 billion on the games, leaving many companies that invested in the city ...

Detroit rolls dice on casino-led comeback

Jun 9, 2014

Detroit rolls dice on casino-led comeback

by Tim Reid and Michael Erman

Detroit’s reliance on casino cash to help fund a recovery from the city’s historic bankruptcy is a high-risk bet on an increasingly shaky source of income. A trial to approve Detroit’s plan to exit its $18 billion bankruptcy, the largest municipal crash in U.S. ...

Abe inspects two casino resorts in Singapore

May 30, 2014

Abe inspects two casino resorts in Singapore

Prime Minister Shinzo Abe on Friday took in two casino resort facilities in Singapore after arriving to attend a three-day security summit for the Asia-Pacific region. Abe intends to draw on Singapore’s experience in bolstering tourism with integrated resort facilities, Japanese government sources said. ...

Abe to visit Singapore casino to gauge economic benefits

May 24, 2014

Abe to visit Singapore casino to gauge economic benefits

Prime Minister Shinzo Abe plans to visit a casino and resort complex in Singapore later this month to assess the facility’s economic benefits and effect on society, according to a government source. Abe’s trip will come at a time when domestic legislation to legalize ...