US casino operator The Mohegan Tribal Gaming Authority (MTGA) has been given the official go-ahead by South Korea to develop a first-of-its-kind integrated casino resort at Incheon International Airport.
MTGA, which manages the Mohegan Sun resorts, has been awarded a license for ‘Project Inspire,’ comprising a hotel complex with 1,350 rooms, a luxury retail and food and beverage complex and a casino.
In addition the development will include a Paramount Studios themed amusement park, a separate eco adventure park and the largest entertainment arena in South Korea.
Built over several phases, the project is expected to cost up to US$5 billion.
"We are pleased with the Korean Government’s decision to award us the opportunity to help fulfil 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.
MTGA has partnered with KCC Corporation and Incheon International Airport Corp for the project.
"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," said Chung Il-young, CEO of the Incheon International Airport Corporation.
The companies also claim it will be the first and only destination resort in the world with an adjacent private air terminal.
