Inspire Korea Developer Confirms Target for Launch Late 2023

The U.S. Mohegan Tribe Gaming Authority, which trades as Mohegan, confirmed that the Mohegan Inspire Entertainment Resort Plan (pictured with an artist’s impression) with a foreigner-only casino in South Korea is set to launch in late 2023.

The company explained in its Q3 earnings release deck that it had outstanding $620.1 million for the project, using a mix of credit and loans.

Two credit loans due at the end of November 2025 and nearly US$298.9 million in term loans due in June 2027 with 17.00% coupons.

The company said the hotel tower concrete structure near Incheon International Airport, South Korea’s main air travel gateway, was “under construction” on the property, which is in “various stages between 8 and 12.”

The Mohegan Inspire will have a total of 1,200 hotel rooms, a 15,000-seat arena, conference space, dining, shops and entertainment, an 24/7 “indoor water dome,” an outdoor family park and a foreigner-only casino.

The group, which has gaming operations in the U.S. and Canada, posted third-quarter net income of nearly $59.4 million, up 134.0% year-over-year.

BY: 우리카지노탑

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