Mohegan Sun Awarded License from Korean Government to Develop Gateway Entertainment Resort in South Korea

INCHEON, South Korea, (CelebrityAccess) — The Mohegan Tribal Gaming Authority, 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.

"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," said Bobby Soper, President of MTGA following the decision.

Mohegan Sun's multi-phase development project named Project Inspire is expected to include, but not be limited to the following features:

Three-tower luxury hotel complex with 1,350 five star and six start guest rooms

Over 20,000 square meters of shopping space, aimed at luxury retailers and featuring more than 20 food and beverage concessions.

A 4,500 sq meters Korean cosmetics and beauty hub

The largest entertainment arena in South Korea with capacity for up to 15,000 attendants

A Paramount Studios Themed Indoor-Outdoor amusement park with 100,000 sq. meters of rides and attractions

A 33,000 square meter Eco Adventure Park featuring the latest in indoor rock climbing, zip lining, an indoor rainforest, and an archaeology experience

A 20,000 square meter casino with 250 tables and 1,500 slot machines

An adjacent private air terminal to serve the entertainment complex.

Phase I of Project Inspire is estimated at US$1.6 billion, with a commitment total of US$5 billion over multiple phases.

Mr. 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."