• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 24 May 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Mohegan turns focus to Inspire Korea after withdrawing from Greek IR project

Newsdesk by Newsdesk
Mon 8 Nov 2021 at 04:30
Damage Control – Korea’s COVID calamity
42
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Mohegan Gaming & Entertainment will turn its entire international focus to completion of South Korean integrated resort, Inspire Korea, after withdrawing from another IR project in Greece.

In a statement issued Friday (Asia time), Mohegan said it had “conducted a comprehensive review of its operations and future commitments against the new backdrop created by the COVID-19 global pandemic and concluded that we would not continue to pursue the concession rights for the Athens Project.

“We are also focused on the large undertaking at Inspire Korea, which will consume the next few years. While we know this is a disappointment to many, it is the right decision for our company and its stakeholders.”

Mohegan’s withdrawal from Greece came as a surprise to many given it had already been granted a casino license by local authorities in October 2020. The US tribal gaming operator had partnered with Greek conglomerate GEK Terna and was preparing an area development plan which was to incorporate a range of entertainment facilities, a five-star hotel, retail, dining and more at the former Hellinikon airport complex.

However, it revealed in a 27 October SEC filing that it had transferred all of its equity ownership in the Athens Project to GEK Terna, receiving approval from the Hellenic Gaming Commission on 22 October.

“The final transfer of the consortium’s reliance on the company’s technical and professional capacity and experience in the development and operation of integrated resort casinos remains pending, along with other administrative procedures for final governmental and regulatory review,” Mohegan said at the time.

Mohegan’s International President, Bobby Soper, recently said the company was hopeful of opening its US$1.6 billion Inspire Korea integrated resort by the second quarter of 2023, having previously been granted a six-month extension to the opening deadline by the Ministry of Culture, Sport and Tourism.

When complete, Inspire Korea – located near Incheon International Airport – will cover 1.6 million square meters and include 150 gaming tables and 700 EGMs, a 15,000-seat arena, an indoor climate-controlled dome with a pool and rides, dining and retail, a 19,000-square meter conference and convention space, and 1,250 hotel rooms.

RelatedPosts

Seoul casinos ordered closed as rising COVID cases force renewed restrictions

South Korea to resume issuing tourist visas from 1 June

Mon 23 May 2022 at 04:58
Grand Hyatt in Lotte Tour’s Jeju Dream Tower granted 5-star rating

Korea’s Jeju Dream Tower falls to US$21 million loss in 1Q22

Tue 17 May 2022 at 17:02
Revenue falling for Korea’s only locals casino Kangwon Land

Korea’s Kangwon Land narrows 1Q22 loss to US$4.5 million

Thu 12 May 2022 at 06:19
Grand Korea Leisure’s June casino sales down 68% on 2019 levels

Grand Korea Leisure sees casino sales plummet in April

Thu 5 May 2022 at 07:21
Load More
Tags: Bobby SoperGreeceIncheonInspire KoreaMohegan Gaming and EntertainmentSouth Korea
Share17Share3
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Oz Casinos: What now?

Editorial: Does the foreigner-only casino model work?

by Ben Blaschke
Thu 28 Apr 2022 at 15:28

The COVID-19 pandemic, along with the international border closures it forced, is one of a number of recent headwinds to...

Oz Casinos: What now?

Oz Casinos: What now?

by Ben Blaschke
Thu 28 Apr 2022 at 15:14

With three inquiries into Crown Resorts completed, a review into Star Entertainment Group underway and a litany of damning findings...

Off Track: AUSTRAC’s AML Failures

Off Track: AUSTRAC’s AML Failures

by Ben Blaschke
Thu 28 Apr 2022 at 13:16

Australia’s anti-money laundering watchdog has launched civil proceedings against Crown Resorts in what appears to be a reaction to its...

Locals Game

Locals Game

by Ben Blaschke
Thu 28 Apr 2022 at 13:05

IAG recently spoke with Shaun McCamley, former President at integrated resort The Grand Ho Tram Strip on Vietnam’s south-east coast,...

Related Posts

Class action launched against Star Entertainment Group

Star Entertainment Group names interim Chairman and CEO following latest boardroom casualty

by Ben Blaschke
Mon 23 May 2022 at 11:27

Australia’s Star Entertainment Group has named director Ben Heap as interim Chairman and Group Executive – Operations Geoff Hogg as interim CEO after Executive Chairman John O’Neill announced last week that he was stepping down. Both will take on their...

New problem gambling self-help app launched in Victoria

New problem gambling self-help app launched in Victoria

by Newsdesk
Mon 23 May 2022 at 11:21

The Victorian Responsible Gambling Foundation has unveiled a new app aimed at providing those experiencing gambling harm access to self-help. According to information released Monday, the “Reset” app – funded by a AU$200,000 (US$142,000) grant from the Victorian state government...

69 year-old food supplier in apparent suicide at Venetian Hotel resort loading dock

69 year-old food supplier in apparent suicide at Venetian Hotel resort loading dock

by Pierce Chan
Mon 23 May 2022 at 11:11

On Saturday afternoon (May 21), a suspected suicide was discovered in Macau's Cotai district. A 69-year-old man surnamed Lam was found hanged in the Venetian Hotel near the loading dock. Police have advised that the man was the owner of...

2021: Japan IR – Crunch time

Japan Casino Regulatory Commission taking public comments on licensing criteria

by Shintaro Kamimura
Mon 23 May 2022 at 05:48

The Japan Casino Regulatory Commission opened public comments on 19 May regarding screening standards for proceedings such as casino licensing based on the 2016 Act on Promotion of Development of Specified Complex Tourist Facilities Areas. Current screening criteria for casino...


Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 中文
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.