• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 1 April 2023
    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
    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
    No Result
    View All Result
    IAG
    No Result
    View All Result

    Mohegan on track to launch non-gaming at Inspire Korea in late 2023, casino soon after

    Ben Blaschke by Ben Blaschke
    Fri 10 Feb 2023 at 05:37
    Korea’s Mohegan INSPIRE reaches 30% construction milestone, on track for late 2023 launch

    An artist’s impression of Mohegan INSPIRE in Incheon, South Korea.

    52
    SHARES
    1.3k
    VIEWS
    Print Friendly, PDF & Email

    US tribal gaming firm Mohegan Gaming & Entertainment has revealed development of its Korean integrated resort Inspire Korea is running ahead of schedule, with non-gaming offerings due to open later this year.

    The update, provided during the company’s 4Q22 earnings call, comes after the completion of financing saw construction of the highly anticipated Incheon property resume in February 2022.

    However, it remains unclear exactly when gaming operations will commence with Mohegan CEO Ray Pineault stating, “We anticipate project completion and non-gaming opening in the latter part of 2023, with the casino opening shortly thereafter upon licensing.”

    Pineault explained that construction of Inspire is currently running 4.5% ahead of schedule with construction as of 31 January 2023 at 43.5%, although greater investment remains on the cards.

    “Following a comprehensive review of Mohegan Inspire, we anticipate making additional equity investments to fund a variety of items related to the project,” he said.

    “A significant area of focus is expansion of hotel rooms, convention and meeting rooms plus F&B capacity.

    “There has been a strong trend in the Korean local market for staycations and we also want to make sure that our non-gaming amenities are sufficient to capture strong market share and support other programming for the resort, including the arena.”.

    Mohegan Inspire is slated to include three hotel towers, an arena, a foreigner-only casino, dining, retail, convention and entertainment options, a year-round indoor water dome experience and an outdoor family park.

    It will become the second integrated resort to open in Incheon after Paradise City – the latter being a joint venture partnership between Korea’s Paradise Co and Japanese gaming firm Sega Sammy Holdings.

    RelatedPosts

    Suncity Group claims majority 69.66% stake in Summit Ascent Holdings

    Summit Ascent may seek local partners to operate Russian casino Tigre de Cristal

    Thu 30 Mar 2023 at 05:46
    Damage Control – Korea’s COVID calamity

    Korea’s Kangwon Land opens Manila office to grow self-made slot machine brand KL Saberi

    Wed 29 Mar 2023 at 05:53
    SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

    Suntrust says no impediments to opening Manila hotel and casino in 2024

    Tue 28 Mar 2023 at 12:56
    Genting approved for feasibility study into US$600 million monorail system linking planned site of Miami casino complex

    Bids for purchase of Genting’s Miami land parcel near US$1.5 billion

    Sun 26 Mar 2023 at 07:18
    Load More
    Tags: casinoInspire KoreaMohegan Gaming and Entertainmentnon-gamingRay PineaultSouth Korea
    Share21Share4
    Ben Blaschke

    Ben Blaschke

    A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

    Current Issue

    Editorial: Thailand must learn from Japan’s IR mistakes

    Editorial: Thailand must learn from Japan’s IR mistakes

    by Ben Blaschke
    Thu 30 Mar 2023 at 19:02

    If the murmurings emanating from the nation’s parliament are to be believed, Thailand could well be on the verge of...

    Back With a Bang

    Back With a Bang

    by Ben Blaschke
    Thu 30 Mar 2023 at 18:37

    After three years spent printing massive losses, Macau’s gaming concessionaires are finally profitable again, with the opening of borders in...

    Labor Pains

    Labor Pains

    by Ryan Hong-Wai Ho
    Thu 30 Mar 2023 at 16:35

    Ryan Hong-Wai Ho, lecturer at the Centre for Gaming and Tourism Studies at Macao Polytechnic University, takes a look at...

    Early Mover

    Early Mover

    by Ben Blaschke
    Thu 30 Mar 2023 at 16:06

    Hann Casino Resort in Clark, Philippines, announced in late March the appointment of highly respected industry veteran Dennis Andreaci as...

    Softswiss
    Evolution Asia
    Aristocrat
    Solaire
    Solaire
    Beter
    IGT

    Related Posts

    Macau GGR climbs to MOP$11.58 billion in January, highest in three years

    Macau GGR hits 38-month high of MOP$12.74 billion in March

    by Ben Blaschke
    Sat 1 Apr 2023 at 12:48

    Macau’s casinos recorded gross gaming revenue of MOP$12.74 billion (US$1.58 billion) in March as the city’s recovery from the COVID-19 pandemic continues. According to information from the Gaming Inspection and Coordination Bureau (DICJ), the March total was 247% higher than...

    ponte16

    Macau’s Ponte 16 contributes to US$37 million loss for Success Universe in 2022

    by Newsdesk
    Fri 31 Mar 2023 at 06:22

    Hong Kong-listed Success Universe has reported a loss of HK$287.1 million (US$36.6 million) in 2022, impacted by a fair value loss of overseas listed securities and by its share in losses at Macau integrated resort Ponte 16. According to details...

    PAGCOR boss suggests Landing International’s Manila IR dream still alive

    Five years after Manila land debacle, Shin Hwa World keen to revisit Philippines IR development

    by Ben Blaschke
    Fri 31 Mar 2023 at 05:59

    Hong Kong-listed Shin Hwa World says it will continue to look for a suitable plot of land upon which to develop an integrated resort in Manila as it “re-evaluates its strategic plans” amid ongoing challenges to its Korean resort business....

    SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

    LET Group turns focus to Manila IR development as Vietnam’s Hoiana continues to struggle

    by Ben Blaschke
    Fri 31 Mar 2023 at 04:39

    LET Group Holdings, the Hong Kong-listed gaming investor formerly known as Suncity Group, said in its FY22 results announcement overnight that its primary focus is now its integrated resort development in Manila, given ongoing challenges at Hoiana in Vietnam and...


    Evoplay

    IAG

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • SUBSCRIBE FREE
    • NEWSFEED
    • MAG ARTICLES
    • VIDEO
    • OPINION
    • TAGS
    • REGIONAL
    • EVENTS
    • CONSULTING
    • CONTRIBUTORS
    • MAGAZINES
    • ABOUT
    • CONTACT
    • ADVERTISE

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

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • English