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South Korea – Mohegan Sun awarded license for Gateway Entertainment Resort

By - 29 February 2016

The Mohegan Tribal Gaming Authority (MTGA) operator of Mohegan Sun properties throughout the United States, along with partners KCC Corporation and Incheon International Airport Corp (IIAC) have been awarded a license from the Korean Government to develop and build a first-of-its-kind integrated resort at Incheon International Airport in Korea.

The US$5bn project will include a 20,000 square meter casino with 250 tables and 1,500 slot machines and a Paramount Studios Themed Indoor-Outdoor amusement park. It will be first and only destination resort in the world with an adjacent private air terminal operate. It will also be the largest entertainment arena in South Korea with capacity for up to 15,000 people. Other features include 33,000 square meter Eco Adventure Park featuring the latest in indoor rock climbing, zip lining, an indoor rainforest, and an archaeology experience, a Korean cosmetics and beauty hub and 20,000 square meters of of retail brands in the world and over 20 food and beverage concepts.

Bobby Soper, President of MTGA, said: “We are pleased with the Korean Government’s decision to award us the opportunity to help fulfill their vision of driving economic development by growing tourism, creating jobs, and showcasing Korean culture via the integrated resort.”

KCC Chairman Chung Mong-Jin added: “KCC is thrilled that its partnership with the Mohegan Tribal Gaming Authority has been awarded the opportunity to develop this exciting and transformative integrated resort which will be instrumental in bringing new generations of tourists to Incheon.”

Chung Il-young, CEO of the Incheon International Airport Corporation noted, “We deeply appreciate the careful review that the Korean Government has conducted on this bold new initiative for tourism in Korea. Its selection of the Inspire project at IBC-II is wonderful news for the Incheon region and will serve as a catalyst for growth in the airport development zone for years to come.”

Mohegan Sun’s multi-phase development project named Project Inspire will also include three-tower luxury hotel complex with 1,350 five star and six star guest rooms.

Mohegan Sun is joined by Miura Holdings Asia, a multi-purpose investment vehicle focused on gaming, hotel and food & beverage activities in the United States & Asia, as part of the development team. Consummation of the conceptual agreement and development of the project is subject to certain governmental and regulatory approvals.

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