February 26, 2016

Mohegans will develop $5B casino resort in Korea

The Mohegans have won a $5 billion contract to develop a Korean gaming facility.

The Korean government has awarded a license to the Mohegan Tribal Gaming Authority to develop and build a first-of-its-kind integrated resort at Incheon International Airport in Korea. The Mohegans are investing $5 billion over multiple phases.

It is being promoted as the first destination resort in the world with an adjacent private air terminal. Phase I of what is being called Project Inspire is estimated $1.6 billion.

The Mohegans, operator of Mohegan Sun properties throughout the United States, will partner with KCC Corp. and Incheon International Airport Corp on the resort.

Mohegan Sun's multi-phase development project is expected to include some of the following features:

  • A 215,000-square-foot casino with 250 tables and 1,500 slot machines.
  • Three-tower luxury hotel complex with 1,350 five-star and six-star guest rooms
  • The largest entertainment arena in South Korea with capacity for up to 15,000 attendees for Class-A acts, cultural and arena sport events that have become synonymous with Mohegan Sun properties
  • A Paramount Studios themed indoor-outdoor amusement park with 1 million square feet of the latest high-tech amusement rides
  • A 355,000-square-foot Eco Adventure Park featuring the latest in indoor rock climbing, zip lining, an indoor rainforest, and an archaeology experience

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