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Mohegan Sun advances Korean casino plan

June 30, 2015 12:00 am • Last Updated: October 27, 2015 11:26 am

Mohegan Sun has finalized a “concept agreement” for the resort casino it hopes to develop in South Korea.

The deal, with the Incheon International Airport Corp., calls for development of a “gateway entertainment district” adjacent to the airport in Incheon. Dubbed the "Inspire Integrated Resort," it will lead a shift from shopping-based tourism to tourism driven by cultural attractions and entertainment, the partners say.

The first phase of development is expected to contribute $1.6 billion in foreign investment to South Korea. The partners must secure a series of approvals, including a gaming license from the Korean Ministry of Culture, Sports and Tourism.

-- Brian Hallenbeck

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