The joint venture entity developing Japan’s first integrated resort in Osaka has secured a loan agreement with a group of banks reported to be worth $3.4 billion.
According to the Nikkei, Osaka IR Corporation – the joint venture between US casino giant MGM Resorts International and local partner ORIX – will work with MUFG Bank Ltd and Mitsui Banking Corporation on what has been described as the largest co-financing arrangement in Japan from a group of banks.
Nikkei said another two companies linked to Hankyu Hanshin Holdings have also decided to invest. Hankyu Hanshin is a Japanese multinational holding company whose interests include private railway companies Hankyu Corp and Hanshin Electric Railway Co Ltd.
