South Korea Holds Winning Hand as Japan Gambling Bill Dies

South Korea looks like the consolation prize as Japan’s $15 billion casino dream fades– a setback for companies such as Las Vegas Sands Corporation that envisioned a new gaming hub rivaling Las Vegas in 2020. A bill that would have legalized casino gambling died when Japanese Prime Minister Shinzo Abe dissolved parliament on Friday to call a snap election. That means lawmakers cannot pass regulatory legislation next year, making it highly unlikely any casinos will be ready in time to profit from tourists arriving for Japan’s 2020 summer Olympics.

http://feeds.reuters.com/~r/news/economy/~3/yETcRLbD4HM/story01.htm

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