Mohegan Gaming and Entertainment has announced the signing of a ‘strategic partnership’ with Paramount Pictures Corporation that is to see a theme park added to the integrated casino resort it is planning to build in South Korea.
The Connecticut-based casino operator used an official Thursday press release to detail that the agreement is to see a 99-acre attraction branded around popular creations from the film studio incorporated into its $1.6 billion Project Inspire development, which is to be located next door to Incheon International Airport.
Mohegan Gaming, which is an enterprise of the federally-recognized Mohegan Tribe, further explained that its expects the theme park to open around 2025 as part of the second phase of Project Inspire’s development and be connected directly to the venue’s coming retail and entertainments village.
Kevin Brown, Chairman for the Mohegan Tribe, declared that he was ‘proud’ to have inked the alliance with Hollywood-headquartered Paramount Pictures Corporation, which is a subsidiary of American media conglomerate Viacom Incorporated, before subsequently revealing that he expects to begin work on the first phase of Project Inspire in May.
Brown’s statement read…
“With Paramount [Pictures Corporation] alongside as we answer the demand of today’s consumers, the Inspire integrated entertainment resort model not only displays our commitment to trend-setting in this industry but also demonstrates the Mohegan Tribe’s commitment to growing South Korea’s travel, tourism and workforce development goals while securing the generational sustainability of the Mohegan Tribe.”
Additionally, Mohegan stated that the first phase of Project Inspire is expected to open in 2022 featuring a five-star hotel with some 1,250 rooms, suites and villas alongside a foreigner-only casino complete with around 700 slots and 150 gaming tables. It noted that the initial phase of the 420-acre development is to moreover come complete with a 15,000-seat sports and concerts arena as well as approximately 204,000 sq ft of convention and conference space.
For his part, Kevin Suh, Themed Entertainment Executive Vice-President for Paramount Pictures Corporation, proclaimed that his firm now ‘looks forward’ to opening the theme park at Project Inspire and becoming ‘part of one of the world’s premiere entertainment destinations.’