Mohegan Sun, South Korean ministry to discuss Inspire

Mohegan Gaming and Entertainment, also known as Mohegan Sun, is planning to meet with officials of the South Korean Ministry of Culture, Sports and Tourism (MCST) later this month. The meeting, according to the casino operator’s CFO Drew Kelly, is designed to open dialogue regarding the firm’s Inspire integrated resort, currently under construction near the Incheon International Airport.

Kelly broke the news on a recent conference call with analysts that followed the release of its Q2 financial report. He reportedly said on the call, “The most important next step – as it relates to the Inspire development – is a meeting that we’ll be having with the MCST in late August and into early September.

“We are preparing a set of information… for them, which we believe will be well received and will otherwise speak to the unique aspect of this truly integrated resort and how it will be a dominant property in the market. As a product of that, we’ll be providing an update on the financing structure.”

Kelly, along with other Mohegan Sun executives, will be seen in Asia for the majority of the second half of this year. They want to make sure that they are “successful both with the meeting with the MCST and with [their] financing partner.”