Mohegan Outlines Plans for Multibillion-Dollar South Korea Resort

  • Development of this project is set to begin shortly now that all plans are in place
  • First phase set to open by June 2022 with a five-star hotel, 15,000-seat arena, and casino
  • Tourist-orientated second phase will open by 2025 with a massive theme park
architecture at Bukchon Hanok Village in Seoul, South Korea
US-based tribal casino operator Mohegan Gaming & Entertainment has finally revealed more plans for its ambitious integrated resort in South Korea. [Image: Shutterstock.com]

Fully completed by 2031

Mohegan Gaming & Entertainment (MGE) is finally getting ready to begin developing its new integrated resort in South Korea.

Upon completion, Inspire will be the biggest integrated resort in South Korea. The project comprises four stages in total, with the initial phase set to be completed by June 2022. The final stage will not being ready to open until 2031, according to current plans.

four stages in total, with the initial phase set to be completed by June 2022

MGE CEO Mario Kontomerkos recently spoke about these plans at a press conference held at the Mohegan Sun headquarters in Connecticut, which was attended by a number of Korean journalists. 

Kontomerkos said: “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.”

First phase

The first phase of this project includes development of a five-star hotel, which will have 1,256 rooms. There will also be a 15,000-seat arena, various convention halls, and a casino for non-Koreans. It has been estimated that this phase will costa a total of $1.29bn.

As per South Korean gaming laws, locals are not permitted to enter the majority of casinos. The only exception is Kangwon Land, which is the casino operated by the Gangwan province government.

Due to this law, Kontomerkos emphasized a number of other amenities when discussing the project with the Korean journalists. He spoke about how Western entertainers will be filling out the 15,000-seat arena, in addition to having more local forms of entertainment on offer.

the resort will have a theme park “that will be unlike any other in Asia”

There will also be an area called Digital Street that will showcase various types of local feed, as well as other types of establishments. He also spoke about how the resort will have a theme park “that will be unlike any other in Asia”.

Plans for phase two

The second phase of the project will be aimed toward attracting tourists.

The Paramount Pictures-themed amusement park will feature Tomb Raider and Star Trek rides. The aim is to have this phase of the project completed by 2025 at a cost of $1.1bn.

News that this project is beginning will be of comfort to many in the region. The original starting time for this project was postponed due to concerns surrounding the number of Chinese tourists not being as strong as originally forecasted.