Global casino operators had a run of good luck recently after the cabinet of Japanese Prime Minister Shinzo Abe passed a casino bill that would legalize casino gambling in the country. While many observers had been expecting two licenses to be initially approved, the cabinet has called for three, along with other measures that could help spawn a viable industry.
With a June 20 deadline before Japan’s legislature adjourns, the prime minister is pushing for the Diet to take up and approve the bill.
Tokyo is a leading site candidate for a casino. Image source: Getty Images.
A big bet for Japan
Unlike in the U.S., important legislation in Japan typically emanates from the cabinet, and the legislature — called the Diet — then considers it. Cabinet members are also typically members of the Diet. According to The Japan Times, last year, the Cabinet proposed 75 laws, all but four of which were passed by the Diet while just 12 bills were approved from the 164 that were initiated from within the Diet.
Hot Casino Stocks To Buy For 2018: Adeptus Health Inc.(ADPT)
Advisors’ Opinion:
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Shares of Adeptus Health Inc (NYSE: ADPT) were down around 30 percent to $1.30. Medical Properties Trust disclosed that it has agreed in principle with Deerfield Management to restructuring in bankruptcy to Adeptus Health.
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Adeptus Health Inc (NASDAQ: ADPT) shares dropped 66 percent to $9.09 after the company posted downbeat quarterly results and lowered its FY16 EBITDA outlook.
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Advisors’ Opinion:
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China Coal Energy Co., the countrys second-largest producer of the fuel, sank 3.1 percent after the government said it will cut coal consumption. Sun Hung Kai Properties Ltd. (16), the worlds second-biggest developer, fell 1.4 percent after trimming its sales target. Gold producers led materials companies lower as the precious metal headed for its steepest weekly loss since June amid expectations the U.S. Federal Open Market Committee will next week decide to reduce stimulus.
Hot Casino Stocks To Buy For 2018: (LVMUY)
Advisors’ Opinion:
- [By ]
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- [By ]
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- [By SEEKINGALPHA.COM]
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Advisors’ Opinion:
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Advisors’ Opinion:
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In just a few weeks, the largest publicly traded newspaper companies will post their first-quarter results. Other than New York Times Co. (NYSE: NYT), which has had success selling digital subscriptions, last year’s typical results were revenue drops of 5% to 10%.
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In a post on the company’s website Thursday morning, New York Times Co. (NYSE: NYT) said that it is adding three new “leadership positions” in its newsroom, all of which appear to be targeted at the its digital subscribers.
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- [By WWW.THESTREET.COM]
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Advisors’ Opinion:
- [By SEEKINGALPHA.COM]
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