Japan set to lift ban on casinos

THE Japanese government looks set to lift its ban on casinos, paving the way for James Packer to build a $5 billion resort there.

Japan is one of the world's last untapped gaming markets, and could become the third-largest gambling destination after Macau and the United States if new legislation is passed.

However, the legislation could be delayed because of recent revelations of the number of gambling addicts in the country.

The casino market in Japan is reportedly worth $40 billion a year and big names in the business, including Mr Packer, are lining up to develop resorts.

Mr Packer's company Melco Crown has said it is willing to spend $5 billion on building a casino resort in the country.

Read more at ABC News Online

Topics:  casino gambling japan

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