Mohegan Sun Wins Korean Casino Approval

UNCASVILLE, CT and INCHEON, South Korea — The Mohegan Tribal Gaming Authority (MTGA) operator of Mohegan Sun properties throughout the United States, along with partners KCC Corporation and Incheon International Airport Corp (IIAC) have been awarded a license from the Korean Government to develop and build a first-of-its-kind integrated resort at Incheon International Airport in Korea.

“We are pleased with the Korean Government’s decision to award us the opportunity to help fulfill their vision of driving economic development by growing tourism, creating jobs, and showcasing Korean culture via the integrated resort,” said Bobby Soper, President of MTGA following the decision.

  • Three-tower luxury hotel complex with 1,350 five star and six start guest rooms
  • Over 20,000 square meters of the most sought after luxury retail brands in the world and over 20 food and beverage concepts
  • A 4,500 sq meters Korean cosmetics and beauty hub, promoting Korea’s dominance in Asia in this area
  • The largest entertainment arena in South Korea with capacity for up to 15,000 attendants 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 100,000 sq. meters of the latest high-tech amusement rides
  • A 33,000 square meter Eco Adventure Park featuring the latest in indoor rock climbing, zip lining, an indoor rainforest, and an archaeology experience
  • A 20,000 square meter casino with 250 tables and 1,500 slot machines
  • The first and only destination resort in the world with an adjacent private air terminal (FBO)

Phase I of Project Inspire will cost an estimated US$1.6 billion, with a commitment total of US$5 billion over multiple phases.

Mohegan Sun is joined by Miura Holdings Asia, a multi-purpose investment vehicle focused on gaming, hotel and food & beverage activities in the United States & Asia, as part of the development team.  Consummation of the conceptual agreement and development of the project is subject to certain governmental and regulatory approvals.