S.Korea picks Mohegan Sun consortium to operate new casino resort

KCC

26/02/2016 05:01

SEOUL, Feb 26 (Reuters) - South Korea chose on Friday a 
consortium of U.S.-based Mohegan Sun and KCC Corp  002380.KS  as 
the operator for a new casino resort with plans to open in 2020, 
subject to planned investments of 1.5 trillion won ($1.21 
billion) being made. 
    The country's tourism ministry said in a statement it was 
giving the green light to a consortium between Mohegan Tribal 
Gaming Authority, which owns the Mohegan Sun casino in 
Connecticut, and construction materials maker KCC for a licence 
to operate an integrated resort with foreigner-only gaming in 
Incheon, west of Seoul.  urn:newsml:reuters.com:*:nL4N0XI1R9 
    The consortium, called Inspire Integrated Resort, plans to 
break ground on the new resort by early 2017 and begin 
operations in early 2020, representative director Kang Yeon-sup 
told Reuters after the ministry made its selection public.  
     
($1 = 1,235.6000 won) 
 
 (Reporting by Joyce Lee; Editing by Kenneth Maxwell) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA CASINO/MOHEGAN TRIBAL