Incheon City is planning to expand its culture and tourism industry, through the expansion of its casino cluster as part of the Yeongjong-do Integrated Resort Cluster Project.
According to the Incheon Metropolitan City government, the project will see the expansion of cultural and tourism facilities, such as luxurious 5-star hotels, foreigners-only casinos, convention installations, spas, and theme parks.
In 2017, Incheon City opened the first foreigners only resort complex in Korea – Paradise City – which comprises of a 5-star hotel with 711 rooms, the largest foreigners-only casino in Korea, and a convention hall that can accommodate 1,600 persons.
To open it in 2021, the Caesars Resort Complex is under construction in Yeongjong-do by Caesars Entertainment. The Caesars Resort Complex will consist of a luxury hotel with over 700 rooms, casino for foreigners only, convention facilities, live entertainment performing hall, signature spa and a swimming pool.
Adjacent to the Incheon International Airport, the Inspire Resort Complex is under construction led by Mohegan Gaming and Entertainment (MGE), the owner of Mohegan Sun casino located in Connecticut, to open in 2022. The resort complex will include a luxury hotel with over 1,250 rooms, foreigners-only casino, and indoor and outdoor theme parks. It will also operate a performing facility (arena) that can accommodate 15,000 audiences, staging Las Vegas-level fantastic performances all year round. It is expected to significantly contribute to spreading the Korean Wave.
The Incheon Free Economic Zone Authority said it expects the resort complex businesses to generate over 20,000 new jobs and production inducement effect of approximately KRW2 trillion (US$1.7 billion) annually. It also expects that the resort complex industry will conspicuously contribute to invigorating the regional economy and development of the MICE industry.