TOKYO: Japan on Friday (Apr 14) approved a plan to build the country's first casino in the western city of Osaka, paving the way for a large resort aimed at attracting domestic and international tourist spending. Put forth by the city and Osaka prefecture, the project aims to open a casino, conference cent
TOKYO: Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a large resort aimed at attracting domestic and international tourist spending.
Japan is seen as a prized market for casino operators because of its affluent population of 126 million and proximity to Asia's wealthy gamblers, although opinion polls have shown many citizens worry about addiction and crime. MUFG Bank and Sumitomo Mitsui Banking Corp will provide ¥550 billion in project financing for the resort, the document showed.
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