GMA quoted in the Akihabara News
Doubts Grow Over Wakayama IR Financing
The Wakayama Prefectural Assembly has put its foot down, demanding the Clairvest Neem Ventures – led consortium reveal how it would fund the construction of its proposed US $4.3 billion Integrated Resort (IR) including a casino before allowing the approval process to continue.
Wakayama Prefecture had previously announced that it would conduct a total of fourteen public hearings from November 15 to December 5, but this plan is now on ice until Clairvest can put some evidence on the table of its financial capability.
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