[News Article] Inspire Resort opens in Incheon with grand hopes of becoming hit global attraction
Inspire Resort opens
in Incheon with grand hopes of becoming hit global attraction
BY LEE JIAN, Korea
JoongAng Daily - Eight years ago, Korean government officials and leaders of
American casino and gaming company Mohegan Gaming & Entertainment (MGE)
gathered to seal the deal on an ambitious multibillion-dollar integrated resort
on an island off the west coast of Incheon's mainland. Their work finally
came to fruition Tuesday as Inspire Entertainment Resort on Yeongjong Island
held its official grand opening ceremony the same day. The event was
attended by some 500 dignitaries and guests, including Korea’s Culture Minister
Yu In-chon, the U.S. Ambassador to Korea Philip S. Goldberg and the members of
the Mohegan Council of Elders and Tribal Council of Management Board. “This endeavor has
been a journey of shared visions and aspirations between the Mohegan Tribe and
the Republic of Korea,” James Gessner Jr., the chairman of the Mohegan Tribe
and the MGE Management Board, said in his opening speech. Inspire Resort is
MGE's wholly-owned Korean subsidiary, scheduled to open in multiple phases
until 2046 and develop a large-scale integrated resort complex on a
4.36-million-square-meter (46.9-million-square-foot) site at the International
Business Complex, otherwise known as the IBC-III area, of Incheon International
Airport. The aggregate funds
invested in its first phase alone amounts to some 2 trillion won ($1.6
billion), including 960 billion won in foreign direct investment. When fully
operational, the first phase is expected to create approximately 3,000 to 4,000
jobs, according to the resort. Currently open under
this first phase are three five-star hotel towers with 1,275 rooms combined; a
live performance arena with 15,000 seats; MICE (meetings, incentives,
conferences and exhibitions) facilities with the largest hotel banquet hall in
Korea; a year-round indoor water park; a foreigner-only casino; a 150-meter
(490-foot) immersive digital entertainment street; and Inspire Mall that
combines shopping, dining and entertainment spaces. It also plans to
open an outdoor entertainment park spanning approximately 100,000 square
meters, a 1,000-seat food court, an immersive content exhibition center and an
indoor playground for children, all under Phase 1B that is said to open in the
second quarter. “I truly believe we
can make Yeongjong Island a global tourism destination, and we ask for your
continued support,” Inspire Resort President Chen Si said. Business aside,
however, Tuesday’s evening foremost celebrated the conjoining of cultures, with
vibrant representations of Koreans, Americans and Mohegans. A slew of
performances by members of the Mohegan Tribe and traditional Korean performance
group MeganDang graced the event. There was also the tribe’s traditional
Smudging ceremony to “honor people and the area and give them positive energy,”
according to Gessner. “Our journey here
has been guided by the Spirit of Aquai, Mohegan’s guiding principle that
emphasizes hospitality, mutual respect, collaboration and relationship
building,” Ray Pineault, President and CEO of Mohegan, said. “This ethos is
woven into the fabric of Inspire, reflecting our commitment to sustainability,
community engagement and creating a space that respects the environment and
fosters connections between people from all walks of life. Mohegan Inspire is
poised to become a landmark destination and a catalyst for tourism, economic
growth, and cultural exchanges, enhancing the region’s allure to visitors from
across the globe.” The Mohegan Tribe,
residing in the Thames River region in Uncasville, Connecticut, is a Native
American tribe and a sovereign nation officially recognized by the U.S. Federal
Government. In 1994, the U.S. Congress passed the Mohegan Nation (Connecticut) Land
Claims Settlement Act and authorized the designation of the Mohegan Reservation
area. The Mohegan Tribe
established a gaming business thereupon acquiring sovereign protection, to
generate revenue for tribal welfare and economic development. Since opening
Mohegan Sun Casino near the historic Fort Shantok above the River Thames in
October 1996, the tribe has grown the development into an established
integrated entertainment resort business with multiple properties. Mohegan owns and
operates integrated resorts across North America including Connecticut, New
Jersey, Washington, Pennsylvania and Nevada in the United States, and in
Niagara Falls, Canada. Inspire in Korea is its first outpost in Asia. Ambassador Goldberg
said this joint endeavor between Korean partners and an American — read, a
Native American — company “captures the spirit of our two countries.” “The economic
relationship and investment between Korea is a two-way superhighway,” Goldberg
said. “And today, we celebrate another major milestone in the U.S.-Korea
investment relationship — the grand opening of the Inspire resort, one of the
largest foreign direct investment ventures in Korea valued at $1.6 billion and
expected to create more than 3,000 jobs.” Culture Minister Yu
shared his anticipation of the recently opened foreigners-only Inspire casino. The ministry in
January granted Mohegan Inspire the license for its international visitors-only
casino — the first such license awarded in 19 years. Korea now has 18
foreigners-only casinos registered with the Korea Casino Association. Kangwon
Land Casino is open to Koreans as well. “This doesn’t just
mean one more casino has been added to the country, as the opening of Inspire’s
gaming facility marks a significant milestone in Korea’s tourism industry,” Yu
said. “I hope that Inspire Resort goes beyond opening its casino in Korea and
makes a meaningful contribution to elevating Korea’s cultural tourism; and for
this, it is vital that Inspire consistently invests time and energy to become a
globally competitive Korean all-in-one resort.” Featuring some 150
gaming tables, 390 slot machines and a 160-seat ETG stadium across two floors,
Inspire Casino is the largest foreigners-only casino in the country. It also
has a dining section available exclusively to casino customers, including an original
Cantonese fine dining Inspire Pavilion, and a VIP-only casino floor. Reachable through
just a few-hour flights from major neighboring cities such as Tokyo, Osaka,
Taipei, Beijing, Shanghai and Hong Kong, and adjacent to Incheon International
Airport, it is expected to attract overseas visitors and transit passengers. Incheon
International Airport Corporation CEO Lee Hag-jae hinted at the bright
prospects for inbound tourism in Korea. According to Lee, Incheon airport
recorded 56 million inbound visitors last year, recovering 80 percent of the
demand from pre-Covid times in 2019. “This year we expect
to see a full recovery, but strive to go beyond and record 100 million
passengers to Korea as we are working to expand Terminal 2 of Incheon
International Airport. Pairing Terminal 2 with the resort will help turn
Yeongjong Island into a place that connects people and businesses.” The resort’s
15,000-seat multipurpose hall Inspire Arena is also expected to attract a bulk
of visitors, hosting K-pop events, live music performances by domestic and
international artists, K-culture events and Esports competitions. Next up on
the venue’s call sheet is Maroon 5, slated to perform on March 8 and 9. It currently shares
the title of the biggest concert venue in Korea, along with the KSPO Dome in
Songpa District, southern Seoul. KSPO Dome is a gymnastics arena that was
originally built for the 1988 Summer Olympics. All of the country’s live events
requiring more than 4,000 people capacity have, in fact, been only held in
either gymnasiums or sports stadiums. K-pop boy band EXO
is set to hold a fan meet at the arena on March 14. The arena will also open
the World Table Tennis Champions tournament, where 32 top table tennis players
including Korea’s Shin Yu-bin and China’s Fan Zhendong and Sun Yingsha will participate
in the games, from March 27 to 31. “Since the soft
opening in November, the resort is already seeing more than 10,000 visitors on
average daily and is poised to become a de facto iconic tourist destination in
Korea,” Incheon Mayor Yoo Jeong-bok said. “I do not doubt this collaboration
between the Korean government and Mohegan will not only boost the local economy
and tourism, but the resort will also become a landmark that will be the best
of its kind in Korea.” Source: https://koreajoongangdaily.joins.com/news/2024-03-06/culture/foodTravel/Inspire-Resort-opens-in-Incheon-with-grand-hopes-of-becoming-hit-global-attraction/1995601
2024.03.08