Mohegan gaming authority wins license for Korea casino
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UNCASVILLE, Conn. (AP) – The parent company of the Mohegan Sun casino says it has received a license from the Korean government to build a $5 billion resort near the international airport in Seoul.
The Mohegan Tribal Gaming Authority says the project will include a hotel complex with 1,350 rooms, more than 20,000 square meters of retail space and an arena that it says would be the largest in South Korea.
The gaming authority is teaming with the KCC Corp., a South Korean chemicals company, and the airport for the project.
Gaming authority president Bobby Soper said Friday the company aims to help the Korean government fulfill its vision of “driving economic development by growing tourism, creating jobs, and showcasing Korean culture via the integrated resort.”
Questions & Answers
Q.What is the estimated cost of the new resort project in South Korea?
What is the estimated cost of the new resort project in South Korea?
The Mohegan Tribal Gaming Authority has stated that the project, which involves building a major resort complex, is expected to cost approximately $5 billion. This substantial investment indicates a large-scale development near Seoul's international airport.
Q.What specific facilities will be included in the resort complex?
What specific facilities will be included in the resort complex?
The resort complex will feature a hotel with 1,350 rooms, over 20,000 square metres of retail space, and an arena. The arena is reportedly designed to be the largest in South Korea once completed, attracting various events.
Q.Which partners are collaborating with the Mohegan Tribal Gaming Authority on this venture?
Which partners are collaborating with the Mohegan Tribal Gaming Authority on this venture?
The Mohegan Tribal Gaming Authority is collaborating with KCC Corp., a South Korean chemicals company, and the local airport authority. This partnership suggests a joint effort to develop the large-scale integrated resort.
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