Artist's rendering of the Mohegan Gaming & Entertainment casino in South Korea. Image: Inspire

Mohegan Tribe on track with first phase of big project in Korea

The Mohegan Tribe is moving forward with a $5 billion gaming project in South Korea.

Mohegan Gaming & Entertainment expects to complete financing for the first phase of Inspire this year, GGRAsia reported. The firm is also meeting with officials in the country later in the coming weeks to update them on the progress.

The first phase, expected to cost $1.6 billion, is due to open in 2021. It will feature a 15,000-seat indoor entertainment arena, three hotels with 1,000 rooms and a foreigners-only casino with 180 gaming tables and 700 slot machines, GGRAsia reported.

Additional work will bring the investment to $5 billion, according to Mohegan Gaming.

The facility will be located at the Incheon International Airport near Seoul, the nation's capital.

Read More on the Story:
Mohegan to meet S.Korea ministry about Inspire project (GGRAsia August 14, 2018)
Asia aspirant Mohegan Sun sees 3Q EBITDA slip 1.2 pct (GGRAsia August 9, 2018)
Mohegan’s 3Q net falls on entertainment lull (Hartford Business August 8, 2018)

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