Moves toward legalizing casinos in Japan have reignited a debate over the legal status of pachinko, with a potential new tax mooted for a $200 billion gaming industry that has existed for decades on the fringes of the law. Pachinko, a slot-cum-pinball form of gambling, ...

Two U.S. billionaires bet on rival cities to be the first to open casino resorts in Japan if the government legalizes gambling.

Billionaire Sheldon Adelson is willing to bet $10 billion that his Las Vegas Sands will become the leader in casino gambling in Japan, an offer he says his competitors can't match. What remains to be seen is whether one of the world's last great untapped ...