Termination of the HSR waiting period satisfies one of the conditions required for completion of the transaction. The transaction remains subject to approval by Bally's stockholders, receipt of certain gaming regulatory approvals and other customary conditions.
The site, one of the largest parcels ever offered for redevelopment in the Japanese capital and located near the luxury shopping enclave of Ginza, would be an alternative to the Odaiba district that is seen as the top contender for a gaming resort. While land costs would be higher, Tsukiji promises greater visitor numbers due to its accessibility by transit and proximity to other tourist draws, Jay Defibaugh, an analyst with CLSA, said by phone.
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