Date: March 2, 2016
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A United States Indian tribal casino operator Mohegan Sun has been chosen by the South Korean government to build a new world class resort on Yeongjong Island region of South Korea.
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| Inspire Integrated Resort |
Mohegan Sun partnered with KCC Corp, a South Korean chemical company to apply for a casino license. The objective of the project is to help boast the Korean economy.
Yeongjong Island region is a sparsely populated region in South Korea, but is strategically close to the Incheon International Airport which acts as a gateway to the western world. Yeongjong Island was likely chosen for the project due to its closeness to the Chinese Mainland China and it’s potential to draw a large number of Chinese, Asian and western tourists.
The Inspire Integrated Resort project by Mohegan Sun is anticipated to begin next year and open sometime in the early part of 2020. The resort complex will huge and expected to include a combination of a luxury hotel, a 215,278 square foot casino, a theme park, entertainment and convention spaces, a K-pop arena, shopping venues, and food and beverage outlets. The developers anticipate to open resort project in stages with initial focus of the development centered on entertainment in order to support Korea’s thriving entertainment industry.
The South Korean government has been encouraging companies to invest into the Korean casino industry. Several companies showed interest in the offer and applied to the Ministry of Culture, Sports and Tourism for a casino license.
Read More ...
- South Korea To Make Decision Soon On Awarding Foreign Casino Licenses To Operators
- Mohegan Sun Inspire Integrated Resort Gets Korean Casino License
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