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April 20, 2015

MTGA and IIAC to develop new integrated hotel-casino resort in South Korea

The Mohegan Tribal Gaming Authority (MTGA) has entered a memorandum of understanding (MoU) with Incheon International Airport Corporation (IIAC) to develop a new integrated hotel-casino resort in South Korea.

MTGA

The Mohegan Tribal Gaming Authority (MTGA) has entered a memorandum of understanding (MoU) with Incheon International Airport Corporation (IIAC) to develop a new integrated hotel-casino resort in South Korea.

Under terms of the MoU, the new gateway entertainment city will be developed on 800-acres of land owned by IIAC.

As part of the development team, Mohegan Sun is joined by Miura Holdings Asia, a multi-purpose investment vehicle focused on gaming, hotel and food and beverage activities in the US and Asia.

"The project will include a two-tower luxury hotel complex with 1,000 guest rooms, comprising 300 six star rooms and 700 five star rooms."

MTGA president Bobby Soper said: "We are pleased to have reached this monumental agreement with Incheon International Airport Corporation, which is a testament to MTGA’s performance and ability to develop and operate premier, world-class assets at the highest level."

The project will include a two-tower luxury hotel complex with 1,000 guest rooms, comprising 300 six star rooms and 700 five star rooms.

It will also feature 18,500m² of retail, food, art and music entertainment space, including a Korean village, film studio and a native American cultural and arts experience.

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The private jet terminal (FBO) will be connected to the integrated casino resort, which will feature an entertainment arena with capacity for up to 20,000 attendants and an indoor-outdoor amusement park, as well as a 18,500m² casino with 250 tables and 1,500 slot machines.

IIAC president Park Wan-su said: "This project is an important step in Incheon Airport’s continued efforts to become a global mega-hub airport, delivering passengers the highest quality service and serving as the best airport in the world in all aspects of our operations."


Image: MTGA and IIAC to develop a new gateway entertainment resort in South Korea. Photo: courtesy of PRNewswire / Mohegan Tribal Gaming Authority.

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