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Japanese gambling bill still on hold

Aug. 13, 2015 12:30 PM ETMGM Resorts International (MGM) StockLVS, MGM, WYNN, MLCO, CZRBy: Clark Schultz, SA News Editor12 Comments
  • Japanese media reports the Liberal Democratic Party in the nation has given up on efforts during the current Diet session to push through legislation to legalize casino gambling.
  • The initiative is expected to be taken up at a special Diet session in the future.
  • The LDP faces some resistance from coalition partner Komeito due to the opposition of many Buddhists to gambling.
  • Potential Japan casino players: MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), Wynn Resorts (NASDAQ:WYNN), Genting, Las Vegas Sands (NYSE:LVS), Melco Crown (MPEL).

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