Inspire Korea isn’t off to the start Connecticut-based Mohegan had hoped. Business hasn’t exactly been strong at Inspire Korea, Mohegan’s $1.6 billion investment at Incheon International Airport, since it held its grand opening in March 2024. Most hotel rooms are seen dark in this photograph. (Image: X) Mohegan, the tribal and commercial gaming firm controlled by the Mohegan Tribe, held its grand opening of the first phase of the Inspire Entertainment Resort, a $1.6 billion undertaking, last March. In Mohegan’s full-year 2024 fiscal year financial report, company officials detail that the integrated resort casino destination at Incheon International Airport has largely underwhelmed. In the fourth quarter, Inspire resort-wide operations generated net revenue of just $62.2 million. For the year, net revenues totaled only $163.3 million. Ari Glazer, Mohegan’s chief financial officer, said Inspire has encountered higher-than-expected operating costs related to the resort’s opening and operational build-up, which includes a costly marketing campaign across South Korea and Asian markets. The casino… Read More
Category: Asia Pacific Gaming, casino resort, Incheon, Inspire, Inspire Korea, loan default, Mohegan, Mohegan Sun
Source: Casino.org
