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Five things to know about Japan's new casino law

Parliament passes historic bill opening up $16bn gaming market

Japan is poised to become the world's second-biggest gambling market, after Macau, Goldman Sachs estimates.   © Reuters

TOKYO -- Japanese lawmakers on July 20 enacted controversial legislation legalizing gambling resorts, a move nearly two decades in the making.

The bill was expected to be passed earlier in the day, but the opposition camp threw up one last procedural roadblock: It introduced a no-confidence motion against the cabinet of Prime Minister Shinzo Abe in the lower house.

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