Packer plans $5bn casino in Japan

Melco Crown in talks with Japanese firms on possible joint venture.

James Packer’s Melco Crown Asian gaming joint venture is in talks with several Japanese corporations -- including some with operations in Australia -- about joining forces to build a $US5 billion ($5.4bn) casino complex in Japan in time for the 2020 Tokyo Olympics.

Todd Nisbet, the Crown executive leading the Japan casino bid, said the company was eyeing a project even more elaborate than Melco Crown’s flagship City of Dreams mega-resort in Macau.

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