TOKYO (Reuters) – A group of investors have offered to take over the assets of Mt. Gox and revive the bankrupt bitcoin exchange with the help of experts including the investigative firm of a former FBI director, according to a court filing in Japan.
The offer, filed with the Tokyo District Court last month, marks the first time that anyone has submitted a proposal to sponsor the rehabilitation of Mt. Gox since it sought bankruptcy protection from creditors on February 28.
TOKYO, April 8 (Reuters) – Pachinko hall operator Dynam
Japan Holdings Co is in talks with several Asian
casino operators to build a casino in Japan as the country’s
parliament prepares to debate a bill that would legalise casino
gambling for the first time.
Yoji Sato, Dynam’s chairman and one of Japan’s wealthiest
businessmen, said the company wants to announce a partnership
with an Asian operator once an initial bill that will start the
process of legalizing gambling is passed in what could become
the world’s third biggest gambling market.
TOKYO, April 1 (Reuters) – A group of Japanese lawyers is
setting up a rating service to evaluate investigations on
corporate scandals amid criticism that third-party panels hired
for things like bribery cases often lack objectivity and help to
While the ratings will not carry any legal weight, the group
hopes they will encourage more thorough and independent
TOKYO (Reuters) – Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion.
The question of how Mt. Gox handled other people’s money – the issue raised by staff in the showdown with Karpeles in early 2012 – remains crucial to unraveling a multi-million dollar mystery under examination by authorities in Japan.
TOKYO, March 30 (Reuters) – Two years before Mt. Gox filed
for bankruptcy, a half dozen employees at the Tokyo-based
bitcoin exchange challenged CEO Mark Karpeles over whether
client money was being used to cover costs, according to three
people who participated in the discussion.
The question of how Mt. Gox handled other people’s money -
the issue raised by staff in the showdown with Karpeles in early
2012 – remains crucial to unravelling a multi-million dollar
mystery under examination by authorities in Japan.
TOKYO, Feb 28 (Reuters) – Like other bitcoin evangelists,
Ken Shishido is ready to write off the money he lost in the
bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as
the price of revolutionising global finance.
“In the early days of the automobile, there were traffic
accidents because you didn’t have traffic lights or pedestrian
crossings,” he said hours after Mt. Gox said on Friday it had
lost up to half a billion dollars of investor funds, including
some of his own. “But we didn’t ban automobiles.”
TOKYO/MACAU, Feb 26 (Reuters) – Billionaire Sheldon Adelson
is willing to bet $10 billion that his Las Vegas Sands
will become the leader in casino gambling in Japan, an offer he
says his competitors can’t match. What remains to be seen is
whether one of the world’s last great untapped gaming markets is
willing to bet on him.
For months, the chief executive of the world’s largest
casino operator by market value has insisted he’s the person to
beat in Japan as it moves closer to legalising casinos, with
parliament expected to start deliberating an initial bill in
TOKYO (Reuters) – Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz) Chief Executive Sheldon Adelson said on Monday his company was willing to spend “whatever it takes” to set up a casino project in Japan, one of the largest untapped gaming markets in the world.
Las Vegas Sands is considered a strong candidate to win a license in Japan, should the country open its market to casino gambling, in large part due to the success of its resort in Singapore which has served as a model for Japanese lawmakers.
TOKYO, Jan 31 (Reuters) – Japan’s Seibu Holdings may hire
executives recommended by Cerberus Capital Management LP
in a sign the railway and hotel group is looking to
mend fences with its biggest shareholder ahead of a planned IPO,
people familiar with the discussions said.
Seibu applied earlier this month to relist its shares on the
Tokyo Stock Exchange, sources have told Reuters. The offering
could be worth more than $1 billion, making it one of the
biggest in Japan this year.
TOKYO (Reuters) – Nomura Holdings Inc (8604.T: Quote, Profile, Research) is confident earnings will remain strong for the foreseeable future after profit more than doubled in the latest quarter, saying it is not overly concerned about a global selloff of emerging market assets.
Japan’s biggest investment bank, like peer Daiwa Securities Group Inc (8601.T: Quote, Profile, Research), has been cashing in on renewed interest in stocks among individual investors, with the benchmark Nikkei index .N225 hitting a six-year high last month thanks to pro-growth government policies and a weaker yen.