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tachi palace casino resortAs currently crafted, analysts believe Japanese lawmakers are impeding the full value of welcoming casinos.(Image: Toshifumi Kitamura/Getty)Prime Minister Shinzo Abe directed his controlling Liberal Democratic Party (LDP) and coalition partner Komeito Party to legalize commercial casino resorts in order to grow tourism and provide an economic stimulus to the allocated regions.The ruling coalition of the House of Councilors agreed to extend its legislative session, which was set to terminate on June 20, by 32 days in order to review and ultimately pass the law.The lower House of Representatives passed the IR bill last week.Experts at Morgan Stanley and Global Market Advisors explained to Forbes this week that permitting one casino resort in each location creates monopolies and therefore removes the benefits of competition.Some of the billionaires behind the companies have touted investments as high as billion should they receive one of the coveted licenses.bcslots group pulls