Mohegan Sun and Incheon International Airport Corp (IIAC) Sign Implementation Agreement for Inspire Integrated Resort
UNCASVILLE, CONNECTICUT and INCHEON, SOUTH KOREA, August 1, 2016 – The Mohegan Tribal Gaming Authority (MTGA) operator of Mohegan Sun properties throughout the United States and majority partner of Inspire Integrated Resort Co., Ltd. (Inspire), and IIAC concluded the implementation agreement providing Inspire exclusive rights to develop the planned world-class Korean integrated resort project to full-scale.
This milestone follows the June 30, 2015 signing of a memorandum of understanding by MTGA and IIAC and the February 26, 2016 license awarding to MTGA along with partners KCC Corporation and Incheon International Airport Corp (IIAC) by the Korean Government to develop and build a first-of-its-kind integrated resort. Inspire is slated to open in 2020.
(At center, from left to right) Kevin “Red Eagle” Brown, Chairman of the Mohegan Tribe, Chung Il-young, CEO of the Incheon International Airport Corporation, Yeon-sup Kang, Representative Director of Inspire Integrated Resort and Bobby Soper, President of MTGA, concluded the implementation agreement for Inspire Integrated Resort in South Korea. Inspire, the first-of-its-kind integrated resort with adjacent FBO, is slated to open in 2020.
ABOUT MOHEGAN TRIBAL GAMING AUTHORITY
MTGA is an instrumentality of the Mohegan Tribe of Indians of Connecticut, or the Tribe, a Native American Tribe with an approximately 544-acre reservation situated in southeastern Connecticut. MTGA has been granted the exclusive authority to conduct and regulate gaming activities on the existing reservation of the Tribe, including the operation of Mohegan Sun, a gaming and entertainment complex located on a 185-acre site on the Tribe’s reservation. Through its subsidiary, Downs Racing, L.P., MTGA also owns and operates Mohegan Sun Pocono, a gaming and entertainment facility located on a 400-acre site in Plains Township, Pennsylvania. MTGA also manages Resorts Casino Hotel in Atlantic City and Ilani in Washington. More information about MTGA and its properties can be obtained by visiting www.mohegansun.com, www.mohegansunpocono.com, www.resortsac.com, www.ilani resort.com or www.mtga.com.
ABOUT INCHEON INTERNATIONAL AIRPORT CORP
Incheon Airport is one of the best airports in the world, which records 8th place in international passenger traffic and 2nd in cargo traffic. Incheon Airport rated 1st on Airport Service Quality Service conducted by ACI for 10 consecutive years. Incheon Airport is currently under 3rd phase construction which includes building a new terminal that opens 2018. More information about the Incheon Airport can be obtained by visiting www.airport.kr/eng/.