Gary Loveman, chief executive of Las Vegas-based casino operator Caesars Entertainment, told Bloomberg News that Japanese gaming resorts require at least $5 billion in investment and Caesars would have no problem financing such projects.
"Generally, you can raise a very large portion of that value through the debt market," Mr. Loveman said, adding that Mr. Caesars "would have no problem financing for a global facility in Tokyo."
Caesars' corporate debt stood at more than $23 billion as of March 31. The company, which is nine notches below the investment rating assessed by Standard & Poor's, sold assets, transferred properties between sectors, refinance some of its debt, and sold stakes to repay its debt.
Caesars is the largest operator of U.S. casinos but has not made a bid for a Macau gaming license. In years consistent with the liberalization of departure visas for mainland Chinese tourists after Macau's revenue leap, Caesars has been proposed or linked to existing Asian casino jurisdiction.
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