Mohegan Plans To Develop A Casino Resort In South Korea

Incheon international airport corp plans to construction ir after signing an agreement with mohegan gaming and entertainment partners and paramount pictures.

Resort complex near incheon airport will be completed by 2022. The subject of the object will be «cinema». In the near future, the signing of an international agreement on partnership between american and korean companies is scheduled.

The project area of ​​about 4.4 million m2 will be developed in several stages and involves investments in the amount €2.1 billion. The facility will build a casino for foreigners, a five-star hotel, a multi-purpose concert hall and a conference center. It is expected that the resort casino will create more than 1 million jobs and will attract 3.6 million tourists a year.

General director of iiac chung il-young announced that the foundation laying ceremony will be held in 2019.

«There were sevel attempts to build thematic parks in south korea, but this is the first time when it was possible to achieve tangible progress», – said the general director iiac.

Recall that paradise segasammy co ltd, a joint venture of the south korean operator casino paradise co ltd and the japanese sega sammy holdings inc, will allocate a total of 10 million shares to two shareholders for the total amount of 100 billion south korean vaughn ($ 93.6 million).