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Economy

Genting raises Samurai bond with eye on Japan's casino market

Company seen using the $175 million to bid for casino license in Japan

A dealer picks up chips on a mock black jack casino table during a photo opportunity at an international tourism promotion symposium in Tokyo.   © Reuters

KUALA LUMPUR -- Genting Singapore has raised 20 billion yen ($175 million) in Samurai bonds, as the casino and resort operator eyed a stake in the Japanese market, which is awaiting further legislation to allow the opening of casinos in the country.

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