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Economy

Casino law won't offer Japan an instant jackpot

Red tape will keep country from cashing in until long after Olympics

Japan's gambling law allows casinos free rein to loan money to visitors.   © Reuters

TOKYO -- Even under a new measure to legalize gambling resorts in a bid to attract tourism, Japan's first casino will not open until the 2020 Tokyo Olympics are but a memory.

A number of localities are competing to become casino destinations and so stimulate their economies. But realistically, no casino can actually start operating until the mid-2020s.

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