Mohegan, the US tribal casino operator, projects an estimated 4.7 million “gaming trips” annually for its new Korean integrated resort, Mohegan Inspire. This includes both inbound visitors and foreign residents or dual passport holders. The resort is expected to attract a significant market value, with a focus on premium direct and mass segments. Mohegan Inspire is nearing completion and is on track for its planned launch in the fourth quarter of 2023.
Market Size and Visitor Projections:
Mohegan projects 4.7 million annual gaming trips for Mohegan Inspire, considering inbound visitors to Seoul and the propensity to gamble of the city’s residents and dual passport holders. The estimates include gaming trips from mainland China, Japan, and the rest of the world.
Market Value Projection:
The total market value of these players is estimated to be approximately US$1.83 billion per year, with a major portion expected from the premium direct segment. Mohegan Inspire aims to partner with international junket firms to attract players and facilitate credit and collection procedures.
Project Progress and Features:
Mohegan Inspire’s development in Incheon is 97% complete and on track for its planned launch in the fourth quarter of 2023. The integrated resort will offer three hotel towers, a foreigner-only casino, dining, retail, convention and entertainment options, an indoor water dome experience, and an outdoor family park.
Mohegan Inspire is positioned to be a significant player in the Korean integrated resort landscape, targeting a substantial number of gaming trips and emphasizing partnerships to attract a diverse range of visitors. The upcoming launch in the fourth quarter of 2023 marks an exciting milestone for this ambitious project.