Mohegan Tribal Gaming Authority (MTGA) has finalized the concept for its proposed resort casino in South Korea.
MTGA, known as Mohegan Sun, signed a prospective deal with Incheon International Airport Corporation (IIAC) in April to build and operate a gateway entertainment city at Seoul’s Incheon International Airport.
Assuming it ever gets built, the resort will be named the Inspire Integrated Resort, or Inspire for short. The project will connect with the airport’s transit tour program.
“Upon its completion, the visionary integrated resort will create the only “Airport City” development and will firmly establish Incheon International Airport as among the most unique destinations in the world while providing significant benefits to South Korea’s economy,” Mohegan Sun said in a press release.
The complex, which will be created on a 324-hectare plot of land owned by IIAC, will include a twin tower luxury hotel with 1,000 guest rooms; retail, food, art and music entertainment experiences including a Korean village area, a film studio, entertainment arena, sports arena, a theme park with 12 outdoor attractions and a casino.
“We are pleased to progress to the next stage of our proposed partnership with IIAC by finalizing a conceptual agreement on Inspire, a visionary, first of-its-kind resort that represents the next major evolution in the global hospitality, tourism and gaming industries,” MTGA President Bobby Soper. “We are excited to extend the unique Mohegan Sun brand with the support and collaboration of IIAC as we work to develop a must-visit destination. We also look forward to playing a meaningful role in contributing to Korea’s dynamic economy.”
“We have enjoyed working with the Mohegan Tribal Gaming Authority and are pleased that we share the same vision for enhancing Incheon Airport. We believe that when combined with our existing services and amenities, Inspire will not only cement Incheon Airport’s position as the best airport in the world but also as a top leisure destination in Asia,” said President and CEO of Incheon International Airport Corporation Park Wan-su. “MTGA’s performance track record and ability to attract world-class entertainers will help usher in an exciting new phase for Korea’s flourishing tourism industry.”
The first phase of development is expected to contribute $1.6 billion in foreign investment and create approximately 24,000 jobs for South Korea.
Inspire is expected to provide significant benefits to the South Korean economy, attracting 20 million international visitors annually by 2020.