Mohegan Tribal Gaming Authority (MTGA), the Uncasville, Conn.-based operator of Mohegan Sun, Mohegan Sun Pocono and Resorts Casino Hotel, and Incheon International Airport Corporation have finalized a concept agreement and unveiled new details of its proposed partnership to develop, build and operate a first?of?its?kind gateway entertainment district adjacent to the airport in Incheon, South Korea.
According to company press materials, the proposed resort will be named the Inspire Integrated Resort, and will create an epicenter for Korea’s growing entertainment, tourism and hospitality industry. The project will lead a paradigm change from shopping-centered tourism to culture and entertainment?based tourism, will connect with the airport’s transit tour program, and will create synergy with the Paradise City development located on IBC?1 site adjacent to the airport. Upon its completion, the visionary integrated resort will create the only “Airport City” development and will firmly establish Incheon International Airport as among the most unique destinations in the world while providing significant benefits to South Korea’s economy.
The development is expected to house more than 300,000 square meters of gaming and entertainment space and will also include, but not be limited to the following features: the first and only destination resort in the world with an adjacent private air terminal (FBO); two?tower luxury hotel complex with 1,000 guest rooms, which will be split between 300 6?star rooms and 700 5?star rooms; more than 18,500 square meters of retail, food, art and music entertainment experiences, including a Korean village celebrating Korean food, and music, and a Native American cultural and arts experience; over 60 of the most sought after luxury retail brands in the world and over 20 food and beverage concepts; a Korean cosmetics and beauty hub, including an iconic “Fountain of Youth” feature, promoting Korea’s dominance in Asia in this area; the largest entertainment arena in South Korea with capacity for up to 20,000 attendants for Class?A acts, cultural and arena sport events that have become synonymous with Mohegan Sun properties; an Indoor?Outdoor amusement park with 18,500 square meters of the latest high?tech amusement rides and more than 12 outdoor attractions; and a 20,000-square-meter casino with 250 tables and 1,500 slot machines.
The construction cost for all facets of Inspire Integrated Resort is $495 million, and it is estimated the complex will contribute $1.6 billion in foreign direct investment and 24,000 jobs for South Korea. Details were not provided on an expected opening date for the facility.