(MGE) Mohegan Gaming & Entertainment, a master developer and operator of premier global integrated entertainment resorts, has been planning for a while to launch “Inspire”, a South Korean integrated resort called. The provider has finally decided about a launch time and its content after a long period.
According to Korea Times, MGE Resort is going to become the largest in the country after completion. The Korea Times reports MGE’s resort, which will be the largest in the country when completed, is set to open its first phase in June 2022, with the fourth and final phase due to be completed by 2031.
CEO of MGE Mario Kontomerkos Commented on the plans:
“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 the early part of 2022”.
During the first stage of construction, Mohegan expects to build a five-star hotel with 1,256 rooms, a 15,000-seat arena, convention halls, and a foreigner-only casino. The total costs of this phase will be $1.29 billion.
According to the terms of South Korea’s gambling laws, locals are prohibited from entering most gambling places. They are only allowed to enter Kangwon Land, the government-operated venue in Gangwon province.
“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.”
More About the Project
The second stage of the IR will be a big tourist draw, as it will include a Paramount Pictures themed amusement park, with rides based on intellectual properties like Star Trek, Mission Impossible and Tomb Raider. It’s scheduled to open in 2025.
Just that construction is under way and the company has a clear finish line is great news. Previously, the company had to push back its ground breaking ceremony over fears that Chinese tourism would fall off.