Good Morning. Inspire new buyers. INSPIRE Entertainment Resort, Korea’s largest foreigner-only casino complex, is up for sale as Bain Capital, which assumed management control after the previous operator defaulted on loan conditions, initiated an open market bidding process. Meanwhile, the Thai government held talks with Wynn Resorts to explore potential investments in integrated entertainment complexes, highlighting Thailand’s appeal as a major tourism and investment hub.
What you need to know
- South Korea’s INSPIRE Resort, its largest foreigner-only casino, is up for sale after financial woes and a change in management control.
- Wynn Resorts meets Thai officials to explore integrated entertainment investments amid Thailand’s push for legal resort-based gaming.
On the radar
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AGB Intelligence
SOUTH KOREA
Open bidding process begins for INSPIRE Resort
INSPIRE Entertainment Resort, Korea’s largest foreigner-only casino complex, is now for sale as Bain Capital, which took over management after the previous operator defaulted on loan obligations, launches an open market bidding process. Situated in Incheon, the resort boasts three five-star hotel towers, the largest foreigner-only casino in the country, a convention center, and Korea’s first 15,000-seat multipurpose arena. Despite generating substantial revenue of KRW219 billion ($157 million) for its 2024 fiscal year, the resort faced an operating loss of KRW156.4 billion ($112 million).
Corporate Spotlight
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