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Mohegan outlines recent ramp of Korean resort INSPIRE with record casino drop, visitation in August

Ben Blaschke by Ben Blaschke
Thu 24 Oct 2024 at 06:38
Korea’s Mohegan Inspire reports net revenues of US$101 million since opening, volumes on the rise

The casino at Mohegan Inspire

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US-based tribal casino operator Mohegan has outlined the continued ramp of its Korean integrated resort, Mohegan INSPIRE, which saw casino visitation move above 30,000 for the first time in August with hotel occupancy of almost 90%.

The update formed part of an Investor Day on Wednesday, with the company providing month-by-month details of INSPIRE’s historical KPI performance. The performance includes a three-fold increase in casino visitation from 10,771 in February to a record 30,729 in August, while hotel occupancy climbed from 58.3% to 89.7% over the same period.

Mass and premium mass table drop also jumped from US$30.3 million in February to US$85.2 million with drop for the September 2024 quarter reaching US$224.2 million.

Mohegan said the number of people in its Player Rewards database now sits at 93,075.

The company has previously stated its expectation that the US$1.6 billion INSPIRE will become EBITDA positive within this year, having opened its doors last November and its casino in early February 2024.

Last year’s soft opening also included some hotel capacity, MICE and signature restaurants, while the INSPIRE Mall, outdoor experiential space, international food court, immersive content exhibition hall and indoor children’s playground have all opened gradually throughout 2024.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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