Mohegan Gaming & Entertainment (MGE) has taken a while to get the ball rolling on its integrated resort (IR) in South Korea, Inspire, but now it seems like a plan is in place and everything is moving forward. We now have a clear idea when it will open its Incheon IR, when it will be completed, and what it will have inside
The Korea Times reports that MGE’s resort is set to open its first phase in June 2022, with the fourth and final stage scheduled to be completed by 2031.
Mario Kontomerkos, MGE’s CEO, said at a press conference at the Mohegan Sun in Connecticut for Korean journalists that: “all of the major permits that are necessary to break ground, we received in May and we are under construction as we speak and we are looking forward to opening in early part of 2022.”
Included in the first phase will be a five-star hotel with 1,256 beds, a massive 15,000-seat arena, conference halls, and a foreign-only casino. It will cost $1.29 billion in this process.
Gambling laws in South Korea forbids local people from entering most casinos, allowing them to access only Kangwon Land, the Gangwon province’s government-run casino. Kontomerkos has put heavy emphasis on other services as a result:
“Inspire will be unlike any other integrated resort in Asia and the reason for that in addition to the typical amenities that you will see in an integrated resort, we are also going to integrate seamlessly into this resort a 15,000-seat arena that will bring Western concert entertainment as well as Korean and other Asian concert entertainment. We will be bringing Digital Street, which will be a great showcase for local Korean food, retail and technological talent and finally we will have a theme park that will be unlike any other in Asia.”
A major tourist attraction will be the second stage of the IR, as it will include a Paramount Pictures amusement park with attractions based on intellectual properties such as Star Trek, Mission Impossible and Tomb Raider. It is planned to open in 2025.
It’s great news that work is underway and the company has a strong finish line. Previously, the company had to push back its ground breaking ceremony over fears of decreasing Chinese tourism.