Credit Suisse Group AG, which Nagasaki Governor Gengo Oishi described as one of several potential “financial arrangers” for a proposed casino resort project within the prefecture (pictured) last year, described in a media report on Monday as an emergency rescue brokered by the Swiss government.

On Friday, Mr Oishi said at a regular briefing with local media that his local authorities had taken the view that the current casino resort financing plan “should not be affected by this issue” in Credit Suisse.

“The prefecture has gathered information on the matter,” Mr Oishi also said on Friday through promoters at Integrated Resorts (IR), namely “Casino Austria International Japan, Kyushu Resorts Japan and advisors.

In a September commentary, Nagasaki’s governor referred to Cantor Fitzgerald, a U.S.-based financial services company, and CBRE Group, a commercial real estate services and investment company, as well as Credit Suisse, as having local interest in attracting casinos and integrated resorts. The project was earmarked for the site of a Huisten Bosch theme park in the city of Sasevo.

It was mentioned that the Nagasaki plan’s fundraising amounted to 438.3 billion yen ($3.34 billion at the current exchange rate). Financial institutions are not only involved in “80% of the equity” of the funds, but can also organize the lending portion of the funds, Oishi said in a statement in September.

Nagasaki submitted its IR district development plan to the national government in April last year in connection with the casino ramp. The proposal, which was submitted concurrently with another from the Osaka metropolitan area with MGM Resorts International as its operating partner, remains in the hands of the national authorities.

Nagasaki did not give further details of the funding for Nagasaki IR, according to information gathered by GGRAsia’s Japan correspondent.

BY: 슬롯사이트

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