Australian tycoon Packer ready to move into Japan

A part-owner of Macau’s City of Dreams, Australian tycoon James Packer, reportedly wants to expand into Japan within three years, provided the law is changed to allow gambling other than betting on the horses or in pachinko parlours. “If Japan comes on, it will be the second-biggest gaming market in the world. It has 100 million people who are all mad gamblers,” Mr Packer told The Australian newspaper, Agence France-Presse reported. A gaming bill is likely to come before the Japanese parliament this year. If it becomes law, it would allow prominent companies to play a part in building casinos in Japan. “Japan is two to three years before it all gets serious, which is perfect for us because we will have Macau Studio City open,” Mr Packer said. Mr Packer, who operates casinos in Australia, is also one of the two controlling shareholders of Macau-based gaming operator Melco Crown Entertainment Ltd, with a 33.7-percent stake.