UNCASVILLE, Conn., Dec. 5, 2018 /PRNewswire/ -- Mohegan Gaming
& Entertainment's multibillion-dollar, multi-phase integrated
entertainment resort (IER) currently in development in South Korea, Inspire Integrated Entertainment
Resort (Inspire), and Paramount Pictures Corporation (Paramount)
announce a strategic partnership to incorporate a Paramount
Pictures-branded theme park as part of Northeast Asia's
largest IER expansion underway in the Incheon International
Airport's (IIAC) IBC-III Region.
"We are proud to have Paramount Pictures join us as a strategic
partner in the development of our innovative integrated
entertainment resort concept," said Kevin
Brown, Chairman of the Mohegan Tribe and MGE Management
Board. "With Paramount alongside as we answer the demand of today's
consumers, the Inspire IER 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."
Kevin Suh, EVP Themed
Entertainment for Paramount says, "Paramount is proud to announce
Korea as one of the first locations for a world-class Paramount
branded theme park. Paramount looks forward to its partnership with
Inspire and to be part of one of the world's premiere entertainment
destinations at Inspire."
"We are pleased to have the major global force in entertainment,
Paramount, on our impressive and growing list of strategic partners
for Project Inspire," said Mario
Kontomerkos, Chief Executive Officer for Mohegan Gaming and
Entertainment. "Aligning with highly sought after and recognized
brands with mutual goals is a key component to the creation of the
world's first true integrated entertainment resort."
Phase 1A of Inspire's multi-phased development on just over 420
acres (1,700,000m2) of
Incheon Airport's 1,079-acre (4,367,000m2) IBC-III parcel of land
includes:
- A 5-star resort hotel with over 1,250 rooms, suites and
villas
- A 15,000-seat state-of-the-art concert and sports arena
- Casino space offering 150 table games and 700 slots/electronic
games
- A hemispherical dome featuring over 48,000 square-feet
(4,500m2) of
climate-controlled indoor pool space with rides, dining and
retail
- Approximately 204,000 square-feet (19,000m2) of conference and convention
space including the largest hotel ballroom in Incheon/Seoul at 60,460 square-feet (5,617m2)
- Groundbreaking is scheduled for May
2019 and official opening planned for 2022
Inspire's phase 1B includes the
over 99-acre (404,000m2)
Paramount Picture-branded theme park with connecting entertainment
and retail village scheduled to open in 2025. Building upon the
anticipated success of the two major phased openings, Inspire's
presence in the region will contribute to South Korea's national economic development
through job creation and the introduction of new tourism around
Incheon Airport, a Northeast Asian hub airport, driving the growth
of the country's domestic tourism industry in terms of both quality
and quantity.
About Inspire Integrated Entertainment Resort
Inspire Integrated Entertainment Resort (Inspire) is
multibillion-dollar multi-phase integrated entertainment resort
project in Incheon, South Korea
currently under development by Inspire Integrated Resort Co., Ltd.,
an affiliate of Mohegan Gaming & Entertainment, and is
headquartered in Incheon, South
Korea. Inspire will be the first true integrated
entertainment resort with a comprehensive set of family-based
offerings. Slated to open in 2022, phase IA will feature over 1,200
5-star guest rooms, over 63,000m2 of dining, retail and
entertainment options, a 15,000-seat state-of-the-art concert and
sports arena, a foreigner-only casino offering 150 table games and
700 slots/electronic games, a 4,500m2 hemispherical domed
climate-controlled indoor pool space and water park and
19,000m2 of conference and
convention. Inspire's phase1B 404,000m2 Paramount
Pictures-branded theme park is estimated to open in 2025.
About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and
distributor of filmed entertainment, is a unit of Viacom (NASDAQ:
VIAB, VIA), a leading content company with prominent and respected
film, television and digital entertainment brands. Paramount
controls a collection of some of the most powerful brands in filmed
entertainment, including Paramount Pictures, Paramount Animation,
Paramount Television, Paramount Players, MTV Films, and Nickelodeon
Movies. PPC operations also include Paramount Home Media
Distribution, Paramount Pictures International, Paramount Licensing
Inc., and Paramount Studio Group.
About Mohegan Gaming & Entertainment
Mohegan Gaming & Entertainment (MGE) is a master developer
and operator of premier global integrated entertainment resorts,
including Mohegan Sun in Uncasville,
Connecticut and Inspire in Incheon, South Korea. MGE is owner, developer, and/or
manager of integrated entertainment resorts
throughout the United States,
including Connecticut, New Jersey, Washington, Pennsylvania, Louisiana, Northern
Asia, and beginning in 2019 Niagara Falls, Canada. MGE owns and
operators Connecticut Sun, a professional basketball team
in the WNBA and New England Black Wolves, a professional lacrosse
team in the National Lacrosse League. For more information on MGE
and our properties, visit www.mohegangaming.com.
Media Contact:
Laurel Mundth
973-588-2000
lmundth@coynepr.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/mohegan-gaming--entertainment-partners-to-bring-a-paramount-pictures-branded-theme-park-to-inspire-integrated-entertainment-resort-300761066.html
SOURCE Mohegan Gaming & Entertainment