Incheon’s South Korean city government has outlined plans to develop the area through the Yeongjong-do Integrated Resort Cluster Project as a hub for Northeast Asia’s cultural and tourism industries.
This comes as the island of Yeongjong, located off the city’s west coast and where the Incheon International Airport is located, continues to expand cultural and tourism facilities such as 5-star hotels, casinos for foreigners, convention facilities, spas and theme parks.
The city, which already boasts the Paradise City complex, will be joined in the coming years by the Caesars Resort Complex and the Inspire Entertainment Resort of Mohegan Gaming and Entertainment.
The Incheon Free Economic Zone Authority expects resort complex businesses to generate more than 20,000 new jobs and an annual financial impact of about KRW 2trn (US$ 1.6bn).
In addition, it was also emphasised that the resort complex industry will contribute to strengthening the MICE industry’s regional economy and development.
Paradise City, Korea’s first resort complex, first opened its doors in April 2017. It includes a 5-star hotel with 711 rooms, Korea’s largest foreign-only casino, and a conference centre that can host 1,600.
An indoor theme park opened earlier this year expanding its facilities to include a boutique hotel with 58 suite spaces, the largest leisure club in northeast Asia and an art exhibition venue in 2018.
The Yeongjong complex of Caesars Entertainment Corporation is expected to commence operations in 2021 and will consist of a luxury hotel with more than 700 beds, casino for foreigners only, conference facilities, live entertainment space, spa and swimming pool.
Mohegan’s under construction Inspire Entertainment Resort, next to Incheon International Airport, is expected to “significantly contribute” when it opens in 2022.
The resort complex will include a luxury hotel with more than 1,250 beds, indoor and outdoor theme parks, as well as an arena that can host up to 15,000 audiences.