A plan by the UBS Group to acquire Credit Suisse Group should not have a material impact on Credit Suisse’s role as a potential “financial arranger” for a proposed integrated casino resort in Nagasaki, Japan.
Nagasaki Governor Kengo Oishi said the local government believes the “funding plan should not be affected by the issue.”
According to GGRAsia, last September the governor said U.S.-based Cantor Fitzgerald and real estate services and investment firm CBRE Group also were interested in participating as financial arrangers, with a goal to raise an estimated JPY438.3 billion (US$3.34 billion) to fund the resort complex.
Casinos Austria International Japan and its local partners plan to build an integrated resort near the Huis Ten Bosch theme park in Sasebo City.
The developers believe the Nagasaki resort would attract up to 8.4 million visitors each year and create 30,000 jobs.
