Mohegan Gets 1-Year Deadline Extension to Open Korean Casino

Mohegan Gets 1-Year Deadline Extension to Open Korean Casino


April 1, 2021, 12:51 pm
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US tribal casino operator Mohegan Gaming & Entertainment was granted a one-year extension of its previous deadline to complete the construction of phase one of its planned integrated resort in South Korea.
It first emerged in January that the company had asked the nation’s government to give it the green light to push back the opening of the property to 2023.
Mohegan originally planned to open the hotel, casino, and entertainment complex in the second half of 2022, but hurdles of different nature forced it to revise the project’s timeline.
Reports surfaced in 2020 that the casino operator
faced difficulties to secure capital to complete the mega-scheme and that it had disagreements with its Korean development partners as they reportedly demanded all outstanding funds to be fully paid and further funding to be secured before construction work could resume.

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