G-8 venue Seagaia saddled with 120 bil. loss

G-8 venue Seagaia saddled with 120 bil. loss

MIYAZAKI, Japan - Phoenix Resort Inc., the operator of the Seagaia resort and conference hall facility in Miyazaki Prefecture that will be the venue for July's Group of Eight (G-8) foreign ministers meeting, said June 5 it has racked up losses of 121.8 billion yen in the seven years since opening in 1993.

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