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December 20, 2014

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Caesars ready to invest $5 billion in Japan casino

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Tom Donoghue/DonoghuePhotography.com

Gary Loveman, chairman and CEO of Caesars Entertainment, attends the official remaining of PH Live to The Axis at Planet Hollywood on Thursday, Dec. 19, 2013, at Planet Hollywood in Las Vegas.

Caesars Entertainment Corp., the largest operator of U.S. casinos, said a Japan resort would require at least a $5 billion investment and that it would have no problem financing such a project.

“You can typically finance a very substantial portion of that value through the debt market,” said Chief Executive Officer Gary Loveman. Caesars “will have no trouble raising the finance for a world-class facility in Tokyo.”

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