Melco Crown Plans to Invest $5 Billion in Japan Casinos
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Melco Crown Entertainment Ltd. said it plans to invest more than $5 billion in Japan casino resorts if it receives permission to build in what could be the world’s second-largest gambling market.
The Hong Kong-based casino operator, the venture between Macau casino mogul Lawrence Ho and Australian billionaire James Packer, prefers developing resorts in the country’s capital of Tokyo and Osaka, Ho said in an interview yesterday in Tokyo.