South Korea to develop IR at Incheon airport

Phase I of Mohegan Sun's Project Inspire is estimated at US$1.6 billion, with a commitment total of US$5 billion over multiple phases (PRNewsFoto/Mohegan Tribal Gaming Authority)

Phase I of Mohegan Sun's Project Inspire is estimated at US$1.6 billion, with a commitment total of US$5 billion over multiple phases (PRNewsFoto/Mohegan Tribal Gaming Authority)

SOUTH Korea plans to develop an integrated resort at Incheon International Airport, with the government awarding the licence to US-based operator Mohegan Tribal Gaming Authority (MTGA), along with developer KCC Corporation and partner Incheon International Airport Corp (IIAC).

MGTA, operator of the Mohegan Sun properties throughout the US, has named the multi-phase development Project Inspire, which will include the construction of a 1,350-key, three-tower luxury hotel complex. A 20,000m2 retail and F&B space is also in the works, as well as a 4,500m2 South Korean cosmetics and beauty hub.

Further plans include having a 100,000m2 Paramount Studios Themed amusement park; a 33,000m2 Eco Adventure Park featuring indoor rock climbing, zip lining, an indoor rainforest, and an archaeology experience; an entertainment arena with 15,000 capacity; and a 20,000m2 casino with 250 tables and 1,500 slot machines. As well, an adjacent private air terminal is on the cards.

Phase one of Project Inspire is estimated to cost US$1.6 billion, with the total development projected at US$5 billion.

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