Mohegan Gaming and Entertainment’s chairman Kevin Brown has confirmed that the planned mid-November groundbreaking ceremony of the $1.6bn first phase of the company’s Inspire integrated resort in Incheon was “not happening” and that the company was “retargeting for next spring”.
Despite this, Brown stated that political uncertainty was not to blame for the company’s decision to delay the groundbreaking on the project.
Instead, he clarified that the delays were purely procedural, and that MGE (formerly the Mohegan Tribal Gaming Association) and its joint venture partner, chemicals manufacturer KCC Corp, needed more time to secure the necessary permits.
MGE has recently hosted Incheon mayor Yoo Jeong-bok at the company’s flagship Mohegan Sun casino in Connecticut, where the mayor took the opportunity to sign a “cooperation agreement” with the company.
While the agreement was non-binding, Brown characterised it as “a significant demonstration of our continued partnership”.