Mohegan Tribe on track with first phase of big project in Korea

Tuesday, August 14, 2018  

The Mohegan Tribe is moving forward with a $5 billion gaming project in South Korea.

Mohegan Gaming & Entertainment expects to complete financing for the first phase of Inspire this year, GGRAsia reported. The firm is also meeting with officials in the country later in the coming weeks to update them on the progress.

The first phase, expected to cost $1.6 billion, is due to open in 2021. It will feature a 15,000-seat indoor entertainment arena, three hotels with 1,000 rooms and a foreigners-only casino with 180 gaming tables and 700 slot machines, GGRAsia reported.

Additional work will bring the investment to $5 billion, according to Mohegan Gaming.

The facility will be located at the Incheon International Airport near Seoul, the nation's capital.

Read More on the Story:
Mohegan to meet S.Korea ministry about Inspire project (GGRAsia August 14, 2018)
Asia aspirant Mohegan Sun sees 3Q EBITDA slip 1.2 pct (GGRAsia August 9, 2018)
Mohegan’s 3Q net falls on entertainment lull (Hartford Business August 8, 2018)

Mohegan Tribe 'ain't afraid' to pursue a casino in Japan (July 26, 2018)
Mashantucket and Mohegan interested in pursuing casinos in Japan (May 16, 2018)
Mohegan Tribe gains sole ownership of $5 billion gaming project in Korea (May 9, 2018)
Mohegan Tribe wins license to develop $5B casino in South Korea (February 26, 2016)
Mohegan Tribe signs partner for $5B casino proposal in Korea (November 24, 2015)
Mohegan Tribe announces plans for $5B casino in South Korea (April 21, 2015)
Mohegan Tribe went to South Korea to discuss potential casino (April 16, 2015)