{"id":777013999,"date":"2024-03-15T08:19:11","date_gmt":"2024-03-15T11:19:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013999"},"modified":"2026-04-22T12:00:46","modified_gmt":"2026-04-22T15:00:46","slug":"mohegan-inspire-to-reach-profitability-in-three-years-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mohegan-inspire-to-reach-profitability-in-three-years-analysts-say","title":{"rendered":"Mohegan Inspire to reach profitability in three years, analysts say"},"content":{"rendered":"\n

Mohegan Inspire Entertainment Resort could outpace rivals, according to CBRE.<\/p>\n\n\n\n\n\n\n\n

South Korea.- CBRE Capital Advisors has forecast that the\u00a0Mohegan INSPIRE Entertainment Resort<\/strong>,\u00a0the recently launched casino complex in South Korea<\/a>, will achieve positive cash flow within its first three years of operation. The resort had a soft opening in November and\u00a0launched gaming<\/a> on February 3. It was the first time in almost two decades that a new foreigner-only casino has opened in South Korea.<\/p>\n\n\n\n

CBRE analysts\u00a0Colin Mansfield\u00a0<\/strong>and\u00a0Connor Parks\u00a0<\/strong>foresee a mature annual EBITDA of approximately US$150m with robust margins and debt service coverage in its ramp-up phase.\u00a0They said the project has access to an estimated US$179m in cash as of December 31, 2023, earmarked for construction payables and preopening expenses.<\/p>\n\n\n\n

The report says the casino could have a faster ramp-up than its competitor,\u00a0Paradise City<\/a>, due to a less phased opening and a wide range of non-gaming amenities.\u00a0Analysts believe that Mohegan Inspire can outperform Paradise City because of its greater focus on slots and larger room base. The report expects the average win-per-unit-per-day <\/strong>to be in line with the average in Asia, except for Macau and Singapore, which far exceed casinos in South Korea, the Philippines, Malaysia, and Cambodia.<\/p>\n\n\n\n

The casino has over 150 table games, 390 slot machines, and 160 electronic table games (ETG). It has a floor for VIP guests featuring a Guandong-style restaurant. Mohegan Gaming & Entertainment (MGE)<\/a>\u00a0posted net revenue of US$425.2m for the first quarter of the fiscal year 2023-2024, up 4.6 per cent compared to the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mohegan Inspire Entertainment Resort could outpace rivals, according to CBRE.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CBRE Capital Advisors forecasts that Mohegan INSPIRE Entertainment Resort, a newly launched foreigner-only casino in South Korea, will achieve positive cash flow within three years, projecting a mature annual EBITDA of US$150m. Analysts anticipate a faster ramp-up than competitor Paradise City, attributing this to a less phased opening, extensive non-gaming amenities, and a greater focus on slots and room base. Mohegan Gaming & Entertainment reported Q1 FY23-24 net revenue of US$425.2m.","focusai_entities":"Mohegan Inspire Entertainment Resort, CBRE Capital Advisors, Colin Mansfield, Connor Parks, Paradise City, Mohegan Gaming & Entertainment (MGE)","focusai_location":"South Korea, Asia, Macau, Singapore, Philippines, Malaysia, Cambodia","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Amenity Impact?","query":"What specific non-gaming amenities are projected to drive Mohegan Inspire's faster ramp-up and competitive advantage over Paradise City, and what is their estimated contribution to NGR?"},{"label":"Regulatory Framework Evolution?","query":"How might the regulatory framework for foreigner-only casinos in South Korea adapt or evolve in response to increased competition and the market entry of significant new integrated resorts like Mohegan Inspire?"}],"footnotes":""},"categories":[157,16338],"tags":[24132,1705],"class_list":["post-777013999","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-mohegan-gaming-entertainment","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013999","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=777013999"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013999\/revisions"}],"predecessor-version":[{"id":777014014,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013999\/revisions\/777014014"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}