Hong Kong-listed Oshidori International and Mohegan Gaming & Entertainment have teamed up to make a joint bid for a license to develop an IR in Nagasaki, Japan.
Oshidori and Mohegan (Company filing)
Mohegan Gaming and Entertainment's planned outdoor theme park at its integrated resort in South Korea may face long delays and plans are being revised, local media reports.
Bobby Soper, the newly appointed international president at Mohegan Sun, talks to Asia Gaming Brief about the group’s vision for its resort in Incheon, South Korea and aspirations for a license in Nagasaki, Japan. He says the group’s entertainment-focused, non-gaming model will help to cushion Mohegan from the notorious volatility in South Korea’s foreigner-only casino market.
Mohegan Sun is confident that its entertainment-centric business model will help it succeed in South Korea’s notoriously volatile foreigner-only casino market.
Mohegan Sun's Inspire Entertainment Resort project in Incheon, South Korea, will be a long-term positive for the group, despite the risks, Moody's Investors Service said in a periodic review of the company's credit rating.
Mohegan Sun's project in Incheon South Korea has received government approval for an extension to its construction deadline and tweaks to the business plan.
Mohegan Gaming & Entertainment has announced that Bobby Soper has been appointed to the new role of International President, a role in which he will oversee all aspects of the firm’s efforts related to both the Inspire Korea Project in South Korea and the joint bid for an integrated resort license in Nagasaki with Oshidori International.
South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.
South Korean IRs and casinos have received some positive news as companies try to recover from setbacks that were mainly the function of the Covid pandemic.
On deadline day for documents in Nagasaki’s RFP process, Mohegan Resorts and Entertainment has emerged as a partner for Hong Kong-listed Oshidori Holdings in what is shaping up to be Japan’s most hotly contested IR race.
Mohegan Gaming & Entertainment has announced that it has priced its previously announced private offering of US$1.175 billion in aggregate principal amount of 8 percent, second priority senior secured notes due 2026, at an offering price of 100 percent of the principal amount. The offering is expected to occur on or about January 26.