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Marina City in Wakayama. The Wakayama prefecture and city are moving forward with an integrated casino resort bid from Clairvest Group that targets the waterfront entertainment district. (Image: Clairvest Group) Wakayama Governor Yoshinobu Nisaka announced today that the prefecture’s government has chosen Clairvest Neem Ventures (CNV) as its integrated resort partner. CNV is a subsidiary of the Clairvest Group, a Canadian-based private equity conglomerate. CNV has presented Wakayama with a JPY470 billion (US$4.3 billion) development.
CNV became the lone bidder to partner with Wakayama in its ambitions of securing one of Japan’s three forthcoming casino licenses following Suncity Group’s sudden withdrawal last month. Nisaka said the prefecture and city will now work directly with CNV to further develop the casino resort plan. ....