Record Loan for Osaka’s First IR, Banks Reconsider Their Involvement
Osaka’s casino resort is the first in more ways than one. Not only will it be the first integrated casino resort in the whole of Japan, but now it has secured the highest-ever loan of JPY550 billion (US$4.1 billion).
Many banks are involved:
The government discussed this loan for almost a year. It was finally approved, but some banks that considered being included in the loan are now changing their decision.
After long negotiations, the District Development Plan for the first IR in Osaka finally got approved in April.
The works on the con…