Inside Asian Gaming

IAG JUN 2023年6月 亞博匯 14 MOHEGAN TO COMPLETE FUNDING FOR KOREAN INTEGRATED RESORT INSPIRE BY SEPTEMBER MOHEGAN將於9月 完成對韓國綜合度 假村INSPIRE的融資 THE Mohegan Tribal Gaming Authority has told industry analysts it expects to complete almost all funding for its US$1.6 billion Korean integrated resort project, Mohegan INSPIRE, by the end of the September quarter. The company also confirmed that development remains on track for a soft-opening of non-gaming amenities by the end of the year, with the casino pegged to open in early 2024. Providing an update during the company’s earnings call for the March 2023 quarter, Mohegan’s Chief Financial Officer, Carol Anderson, confirmed there is around US$91 million in additional investment required from now until completion with the company having kicked in around US$28 million between January and March. “As previously announced, we agreed to make additional investments of up to KRW155 billion or US$119 million to fund costs to complete Mohegan INSPIRE, of which approximately KRW36 billion or US$28 million was contributed in the March 2023 quarter,” Anderson said. “The remainder of that we anticipate will be funded through the remainder of this fiscal year, so through 30 September 2023.” This funding, Anderson said, comprised almost all costs including “construction as well as additional support for pre-opening,” such as staffing and marketing costs. The remaining funding, she added, would come from a combination of cash and drawdown from Mohegan’s revolving credit facility. When complete, Phase 1 of Mohegan INSPIRE will incorporate a foreigner-only casino, three hotel towers with a combined 1,200 rooms, a 15,000-seat arena and convention space plus dining, retail, a year-round indoor water dome experience and an outdoor family park. Mohegan said the size and scale of Mohegan INSPIRE will be comparable to its US flagship, Mohegan Sun, in Connecticut. Mohegan Tribal Gaming Authority 向行業分析師表示，預 計將在九月底之前完成投資16億美元的韓國綜合度假村項目 Mohegan INSPIRE幾乎所有融資。 該公司同時證實，至今年年底，非博彩設施試營運將按計劃 進行，賭場預計將於2024年初開業。 Mohegan的首席財務官Carol Anderson在公司2023年第一 季度的財報電話會議上提供了最新進展，其確認從現在到完成還 需要大約9,100萬美元的額外投資，公司在1月至3月期間已經投 入了大約2,800萬美元。 Anderson表示：「正如之前宣布那樣，我們同意進行高達 1,550億韓元（1.19億美元）的額外投資，以資助完成Mohegan Inspire的成本，其中約360億韓元（2,800萬美元）是在2023年 第一季度投入的。」 「我們預計剩餘的資金將在本財政年度的剩餘時間內到位， 即2023年9月30日之前。」 因此，Anderson說，資金幾乎囊括所有成本，包括「建築 以及開業前的額外支持」，例如人員配備和營銷成本。其補充 說，剩餘的資金將來自現金和Mohegan循環信貸。 待完工後，Mohegan INSPIRE第一期將包括一個僅限外 國人的賭場、三座酒店大樓（共有1,200間客房）、一個擁有 15,000個座位的競技場和會議空間，以及餐飲、零售、全年開放 的室內穹頂泳池和一個戶外家庭公園。 Mohegan表示，Mohegan INSPIRE的規模將與其位於康涅 狄格州的美國旗艦店Mohegan Sun相媲美。