Caesars may invest up to 5 billion dollars
Gary Loveman, the Chief Executive Officer of Caesars Entertainment has said that the company would be prepared to spend 5 billion dollars or even more to construct a casino resort in Tokyo if the company was granted a Japanese gambling license. However, it is not yet certain that Japan will legalise land based casino gambling at all. The debate on the matter has been ongoing for a long time. The bill is now due to be discussed in the autumn when parliament reconvenes and the Japanese Prime Minister has spoken of the addition that integrated casino resorts could bring to the country’s economy. It is believed that the Prime Minister’s ruling political party will pass the necessary legislation this autumn since the 2020 Olympic Games will be held in Tokyo and the government would hope to have casino resorts operational before the event to benefit from the huge amount of tourists attracted by the Olympics.
Caesars claims it can finance Tokyo casino
Even though the Nevada based company is facing increasing opposition to its plans to restructure its financial situation in the United States, Caesars has claimed that it would not face any major problems in financing a casino resort in the Japanese capital. Caesars has also held talks with some Japanese companies that are willing to form the partnerships required for international casino operators before they can apply for a Japanese license. It is believed that if the necessary legislation is passed that the Japanese gambling market could become the second largest in the world after Macau.