Mario Kontomerkos, president and chief executive officer of Mohegan Gaming, spoke about the Connecticut-based company’s entry into Asia during a conference call on Thursday to discuss its second-quarter financial results, according to a report by GGRASIA.
Mohegan is a federally recognized Mohegan Tribe company, and said earlier in the fourth quarter of 2021 it expects to open the initial phase of its $1.6 billion project Inspire Integrated Casino Resort, with a five-star hotel with about 1,250 rooms, suites and villas and a foreign-only casino with about 700 slots and 150 game tables. The operator previously said the first phase of the 420 acre development would provide an additional 15,000-seat sports concert and conference stadium in about 204,204,000 spaces.
“After completing negotiations with the general contractor and obtaining all necessary construction permits and approvals, we started mobilizing construction at our development site in Incheon, South Korea.”
Mohigan is responsible for the huge Mohigan Sun concert hall in eastern Connecticut, along with the Mohigan Sun Pocono in Pennsylvania, and also signed a deal with Paramount Pictures late last year to develop a 99-acre theme park by the end of 2025. In 2018, the casino operator signed a “North Asian Distribution Agreement” with U.S. venture South Carolina on live events, GGRAXIA reported.슬롯사이트
Regarding its second-quarter financial results, Mohegan said its net profit was just below $12.4 million, compared with a profit of $28.6 million for the three months of 2018. The casino company also said its existing operating revenue fell 60.4% year-on-year to $22.2 million due to the early closure of the Casino of the Wild slot zone inside the giant Mohean Sun venue.