{"id":777002296,"date":"2023-02-10T13:37:48","date_gmt":"2023-02-10T16:37:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002296"},"modified":"2026-04-23T00:44:59","modified_gmt":"2026-04-23T03:44:59","slug":"mohegans-incheon-ir-to-open-non-gaming-offerings-by-the-end-of-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mohegans-incheon-ir-to-open-non-gaming-offerings-by-the-end-of-2023","title":{"rendered":"Mohegan\u2019s Incheon IR to open non-gaming offerings by the end of 2023"},"content":{"rendered":"\n

Chief executive Raymond Pineault said the construction of the casino resort is running ahead of schedule.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Ray Pineault<\/strong>, chief executive and president of Mohegan, has said that construction of the company’s upcoming integrated resort<\/a> in Incheon, Inspire Korea, is ahead of schedule. He said the project is 45.3 per cent complete<\/strong> and 4.5 per cent ahead of schedule, with non-gaming facilities to open in the latter part of 2023, followed by the casino upon licensing. <\/p>\n\n\n\n

The IR is being developed in Yeongjong Island\u2019s Free Economic Zone near Incheon International Airport. It’s expected to feature 150 gaming tables<\/strong>, 700 electronic gaming machines, three five-star hotels with close to 1,250 hotel rooms and a 19,000-square metre conference space.<\/p>\n\n\n\n

Pineault mentioned plans for additional equity investments to expand hotel rooms, convention and meeting spaces, and food and beverage capacity. The CEO said the investments aim to ensure sufficient non-gaming amenities to capture a strong market share and support other programming for the resort, including the arena.<\/p>\n\n\n\n

In January, Mohegan Tribal Gaming Authority<\/strong> signed a funding agreement<\/a> with Hanwha Corp<\/strong>, one of South Korea\u2019s largest conglomerates for the Inspire Entertainment Resort for a subordinated investment of approximately US$80m in non-registered, non-guaranteed junior convertible bonds.<\/p>\n\n\n\n

The financing was to be split into two tranches of approximately US$40m<\/strong>, the first to be funded on December 30, 2022. The second tranche of US$40m must be funded on or before March 30, 2023. The venue aims to attract 4 million guests per year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chief executive Raymond Pineault said the construction of the casino resort is running ahead of schedule.<\/p>\n","protected":false},"author":176,"featured_media":14617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Mohegan's Inspire Korea integrated resort in Incheon, South Korea, is 4.5% ahead of schedule, with non-gaming facilities slated for late 2023 and the casino opening post-licensing. The project, featuring extensive gaming and hospitality amenities, is securing additional equity investments for expansion and recently received an US$80m subordinated investment from Hanwha Corp.","focusai_entities":"Mohegan, Raymond Pineault, Mohegan Tribal Gaming Authority, Hanwha Corp, Inspire Korea, Inspire Entertainment Resort","focusai_location":"South Korea, Incheon, Yeongjong Island","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Licensing Timeline Impact","query":"What specific regulatory milestones and compliance requirements must Mohegan satisfy to secure the casino operating license for Inspire Korea, and what is the projected timeline for this approval?"},{"label":"Equity Investment Strategy","query":"How will the planned additional equity investments for non-gaming amenities impact the overall project IRR and the debt-to-equity structure, particularly given the existing subordinated financing?"}],"footnotes":""},"categories":[157,16338],"tags":[24132],"class_list":["post-777002296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mohegan-gaming-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002296"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002296\/revisions"}],"predecessor-version":[{"id":777002327,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002296\/revisions\/777002327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14617"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}