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NORTH ASIA 24

SOUTH KOREA

SOUTH KOREA

Mohegan Sun ups non-gaming ante in South Korea U.S. tribal operator Mohegan Sun says design and permitting for its $5 billion integrated resort in South Korea is proceeding at a rapid pace, and the project is currently on schedule to break ground in 2017 and open in early 2020.

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he Mohegan Tr ib a l Gaming Authority, operator of Mohegan Sun properties throughout the United States, along with partners KCC Corporation and Incheon International Airport Corp, were awarded the contract for the resort in February last year, following a bidding process that initially attracted a strong field of international contenders. The resort, to be known as Inspire, will be the third major project in Incheon, near to the international airport and in close proximity to the capital Seoul. South Korea’s Paradise Co. and Japanese pachinko

Asia Gaming Briefings | November 2016

company Sega Sammy are scheduled to open a 330,000 square-meter IR early in 2017, while Caesars International is heading a third project. Mohegan Sun’s Inspire will open in multiple phases, with investment for the first seen at about $1.6 billion. Non-gaming bandwagon While offering non-gaming facilities has become the mantra for many operators across Asia since the collapse of China’s VIP market two years ago, Inspire’s plans for an

integrated entertainment and leisure complex may come closest to delivering the vision. “Inspire will present an opportunity to have in one place, the best of entertainment, cultural, recreational, hospitality, culinary and nightlife amenities all under one roof,” said Mohegan Sun president and CEO Bobby Soper. It will feature a 15,000 seat arena, which will be a modernized sports & entertainment venue unlike anything currently offered in Korea. It will also incorporate a state-of-the art theme park and entertainment district, the first phase of which will primarily be indoors


AGBriefings November 2016