TOKYO -- Japan's first-ever casino resort project in Osaka is lining up lenders for a record 550 billion yen ($4.1 billion) syndicated loan after getting the government's green light, but some banks that had been expected to participate are having second thoughts.
Finance
Japan's 1st casino hits new snag: reluctant lenders
Mizuho yet to sign on to $4bn project finance loan amid cash flow risks
Banks worry about risks such as soil contamination and liquefaction on Yumeshima, the artificial island that will house the casino resort. (Photo by Arisa Moriyama)
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