Fall Of Credit Suisse Won’t Derail Nagasaki Casino Funding

Must read

[ad_1]

Posted on: March 20, 2023, 06:00h. 

Last updated on: March 20, 2023, 06:00h.

UBS is acquiring rival Swiss bank Credit Suisse for $3.25 billion in a transaction that some experts say is really a bailout, but it may not harm Nagasaki’s efforts to procure financing for casino-resort plans.

Nagasaki, Japan
A look at the nightlife in Nagasaki, Japan. The collapse of Credit Suisse won’t affect the prefecture’s casino ambitions. (Image: Live Japan)

Last year, Nagasaki Governor Kengo Oishi mentioned Credit Suisse as among the potential financiers of the prefecture’s integrated resort project. Currently, Nagasaki and Osaka are the only Japanese prefectures with casino proposals before the federal government. MGM Resorts International is the operator partner for the Osaka venture while Casinos Austria is the gaming company working with Nagasaki.

Oishi told members of the media last Friday that “the prefecture has gathered information” on the demise of Credit Suisse and integrated resort “funding plan should not be affected by the issue.”

Credit Suisse — a 166-year old financial institution listed as one of the 30 systemically important global financial institutions — is the latest casualty in a crisis that’s seen several US banks collapse and others forced to the brink.

Nagasaki Has Financing Options

Even with Credit Suisse out of the mix to provide capital for a Nagasaki gaming venue, the territory has options.

Last September, Oishi mentioned Cantor Fitzgerald and CBRE could also be contenders to provide financing for the integrated resort effort. It’s also possible that other lenders sense opportunity to get in on the ground floor of Japan’s casino gaming industry. For now, UBS has not said whether or not it will evaluate Credit Suisse’s role in Nagasaki.

It’s estimated that a Nagasaki integrated resort could cost $3 billion to $4 billion, but a sizable stake in the project could entice lenders. On the other hand, Japan developed a dubious reputation in terms of getting its casino industry off the ground, chasing a slew of large contenders off in the process.

Japan already has a reputation for bureaucratic delays and snafus regarding its integrated resort process. For now Nagasaki and Osaka are the cities most likely to be homes to Japan’s first gaming venues. But debuts of those properties are still years away.

Signs of Optimism for Japan Casinos

Prime Minister Fumio Kishida is supportive of casino gaming as an avenue for boosting tourism to the world’s largest third-largest economy.

That’s a start, but it doesn’t mean the licensing process will be expedited nor does it imply the government is considering awarding more than three gaming permits to start. Owing to Japanese authorities moving slowly on the casino front, some analyst believe the earliest gaming venues will open in the country will be sometime between 2028 and 2030.

It’s possible that if those properties debut sooner than expected and outperform revenue expectations, other gaming companies will revisit the idea of Japan venues, but for now, that’s a far-off prospect.

[ad_2]

Source link

More articles

Latest article

Trik Gacor Main Gates Of Olympus Anti Rungkat Rahasia Menang Besar Di Starlight Princess Modal Receh Ardi Bermain Sweet Bonanza Jackpot Besar Langsung Bayarin Mantan Pola Jitu Sugar Rush Auto Cuan Tiap Hari Tips Ampuh Wild West Gold Megaways Biar Gak Boncos Sensasi Maxwin Fruit Party Langsung Kaya Mendadak Strategi Jitu Power Of Thor Megaways Petir Menyambar Duit Main Pirate Golden Age Modal Kecil Untung Berlipat Gimana Caranya Menang Di The Dog House Dice Show Resep Hoki Great Rhino Megaways Jackpot Terus Bocoran Admin Jarwo Main Temujin Treasures Anti Zonk Cara Gampang Menang Di Big Bass Bonanza Megaways Panduan Lengkap Buffalo King Megaways Auto Profit Trik Tersembunyi Christmas Carol Megaways Musim Dingin Rejeki Jam Gacor Madame Destiny Megaways Prediksi Menang Main Empty The Bank Modal Sedikit Hasil Maksimal Rahasia Sukses Floating Dragon Hold And Spin Anti Apes Cara Cepat Kaya Leprechaun Carol Bonus Natal Melimpah Bermain Cowboys Gold Jackpot Berlimpah Seperti Koboi Main Mysterious Egypt Dapat Harta Karun Firaun Kejutan Manis Dari Sweet Bonanza Pecah Telur Jackpot Di Pagi Hari Sensasi Starlight Princess 1000 X500 Jatuh Di Depan Mata Reaksi Kaget Trik Jitu Menang Gates Of Olympus 1000 Modal Receh Hasilnya Bikin Melongo Nggak Nyangka Mahjong Ways Bisa Segacor Ini Langsung Wd Tanpa Ragu Starlight Princess Lagi Baik Hati Scatter Bertebaran Auto Cuan Gates Of Olympus Kakek Zeus Murah Hati Petir Merah Datang Bertubi Tubi Sweet Bonanza Bom Manisnya Meledak Terus Saldo Langsung Gendut Wisdom Of Athena Kasih Petunjuk Main Slot Biar Menang Terus Mahjong Wins Susun Strategi Biar Hoki Wd Besar Menanti Starlight Princess 1000 Upgrade Dari Yang Biasa Lebih Greget Lebih Cuan Gates Of Olympus 1000 Kakek Makin Ganas Petirnya Bikin Jantungan Sweet Bonanza Modal Kecil Untung Berlipat Ganda Beneran Ada Mahjong Ways Bikin Nagih Setiap Spin Ada Kejutan Menarik Starlight Princess Bikin Terpana Grafisnya Cantik Bonusnya Menggila Gates Of Olympus Zeus Lagi On Fire Petirnya Nampol Abis Sweet Bonanza Gampang Menang Cocok Buat Pemula Langsung Dapat Duit Wisdom Of Athena Rahasia Menang Slot Terbongkar Semua Ada Di Sini Mahjong Wins Combo Gila Bikin Rekening Gendut Dalam Sekejap Starlight Princess 1000 Sensasi Baru Main Slot Yang Lebih Seru Gates Of Olympus 1000 Uji Nyali Hadapi Petir Zeus Dapat Jackpot Trik Jitu Menang Starlight Princess Bikin Akun Auto Gacor Sensasi Starlight Princess 1000 Petir Zeus Langsung X500 Gates Of Olympus Modal Receh Pecah Maxwin Bikin Dompet Gendut Gates Of Olympus 1000 Slot Kakek Zeus Kasih Kejutan Tiada Henti Sweet Bonanza Trik Terbaru Modal Kecil Untung Berlipat Ganda Bongkar Rahasia Mahjong Wins Auto Wd Setiap Hari Mahjong Ways Strategi Ampuh Menang Terus Anti Rungkat Wisdom Of Athena Slot Dewi Bijaksana Kasih Jackpot Malam Ini Starlight Princess Tips Ampuh Dapat Scatter Dalam Hitungan Menit Starlight Princess 1000 Bom Waktu Menuju Kemenangan Fantastis Gates Of Olympus Rahasia Kakek Zeus Bikin Akun Jadi Super Hoki Gates Of Olympus 1000 Sensasi Petir Beruntun Pecah Rekor Jackpot Sweet Bonanza Kejutan Manis Jackpot Berlimpah Bikin Nagih Mahjong Wins Cara Jitu Menang Besar Di Slot Mahjong Populer Mahjong Ways Trik Simpel Menang Cepat Di Game Mahjong Gacor Wisdom Of Athena Petualangan Seru Meraih Kemenangan Bersama Dewi Starlight Princess Tes Keberuntunganmu Dengan Trik Paling Viral Starlight Princess 1000 Rasakan Sensasi Kemenangan Di Angkasa Gates Of Olympus Kakek Zeus Lagi Baik Hati Bagi Bagi Jackpot Sweet Bonanza Perjalanan Manis Menuju Kemenangan Terbesar Leandro Pekerja Bangunan Dapat Kejutan Besar Dari Scatter Hitam Mahjong Ways Milena Ibu Rumah Tangga Berhasil Kumpulkan Cuan Dari Gates Of Olympus Viktor Sopir Truk Spin Singkat Di Mahjong Ways Langsung Diguyur Cuan Niko Pedagang Jajanan Dapat Hoki Besar Dari Gates Of Olympus Karla Barista Pemula Kaget Lihat Scatter Hitam Muncul Berulang Dimitri Teknisi Bengkel Ikut Pola Mahjong Ways Dan Saldo Nya Melejit Selena Penjaga Kasir Coba Spin Malam Hari Dan Dapat Rejeki Nomplok Raoul Pensiunan Las Mendadak Beruntung Karena Scatter Hitam Elio Kurir Paruh Waktu Lihat Keuntungan Gates Of Olympus Ngalir Terus Anissa Admin Online Shop Pakai Trik Scatter Dan Uang Masuk Deras Enzo Driver Malam Main Mahjong Ways Dan Pulih Dari Krisis Finansial Lara Asisten Rumah Tangga Dapat Hadiah Besar Dari Spin Pagi Marcus Satpam Shift Malam Lihat Scatter Hitam Tiga Kali Beruntun Sasha Pegawai Mini Market Coba Pola Gates Dan Dapat Kejutan Manis Tomas Karyawan Gudang Tak Sangka Saldo Mahjong Nya Naik Drastis Roy Surya Ajak Karyawan Semarang Main Gates Of Olympus Koi800 Auto Maxwin 2025 Pola Gates Of Olympus Depo Dana Qris Auto Maxwin 2025 Trik Roy Surya Viral Game Online Tergacor Roy Surya Karyawan Semarang Menang Puluhan Juta 2025 Tips Pola Maxwin Gates Of Olympus Roy Surya Buktikan Di Semarang 2025 Gates Of Olympus Trending 2025 Roy Surya Main Di Koi800 Menang Dalam Hitungan Detik Viral Kang Dedi Madura Menang Game Online Koi800 Cuma 20 Spin Dapat Scatter Hitam Game Online Gacor 2025 Trik Kang Dedi Madura Tembus Scatter Hitam Di Koi800 Trik Game Online Scatter Hitam Koi800 Dari Kang Dedi Asal Madura Auto Trending Cara Kang Dedi Dapatkan Scatter Hitam Game Online Koi800 Dan Ajak Warga Madura Ikut Main Kang Dedi Bongkar Pola Game Online Scatter Hitam Di Koi800 Viral Di Kalangan Pemain Game Online Madura Strategi Game Online Mahjong Ways 2025 Mas Joko Tembus Jackpot Puluhan Juta Via Dana Spin Turbo 30x Auto Jackpot Mas Joko Pg Soft Mahjong Ways Di Koi800 Kemenangan Viral Game Online Mahjong Ways 2025 Mas Joko Dari Medan Menang Jutaan Via Qris Mas Joko Borong Jackpot Game Online Pg Soft Mahjong Ways Modal Tipis Auto Maxwin Di Koi800 Viral Mas Joko Menang Puluhan Juta Game Online Mahjong Ways Modal 300rb Di Koi800 Dalam Hitung Detik