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Mohigan Sun Prepares Proposed S. Korea Casino Concept Agreement [games]

The U.S. Mohigan Tribal Game Agency announced that it wanted to venture into international territory and set up a casino in Korea, and the Tribal Game Agency called the Mohigan Line recently reported completing a concept contract for a mega casino resort it plans to build in Korea.

Mohigan Sun has joined hands with Korea's Incheon International Airport Corporation (IIAC) to build a casino now called "Inspire Integrated Resort." The casino is expected to be built on 215,278 square meters, with 1,500 slot machines and 250 card tables. The tribe will only be able to proceed with the project if the Korean Ministry of Culture, Sports and Tourism grants a game license.

The Inspire Integrated Resort is expected to have more than 1,000 rooms across two luxury hotel tower complexes, with more than 60,700 square feet for art exhibition centers, music entertainment arena, Native American culture and arts experiences and Korean villages promoting Korean food and music. The resort is also expected to include a 20,000-seat amusement park and a special Korean cosmetics and beauty hub. The entire resort will be built on the site of Incheon International Airport, making it an ideal destination to attract tourists to the casino resort.

In a statement, Bobby Soffer, chairman of the Mohigan Sun Tribal Games Committee, said: "We are pleased to move on to the next phase of our proposed partnership with IIAC by concluding a conceptual agreement on Inspire. We are pleased to expand our unique Mohy Health Line brand with the support and cooperation of IIAC while we strive to develop a must-visit destination. We also look forward to playing a meaningful role in contributing to the nation's dynamic economy."

Once all permits are completed, the initial phase of the mega-project will bring about $1.6 billion in foreign direct investment to South Korea, and the completion of the project is expected to create about 24,000 jobs in the Korean market.

The Mohigan Line did not disclose the estimated cost of the entire project, but it is expected to spend about $320 million on entertainment stadiums, about $140 million on theme park plans, and about $35 million on civil aviation terminals. Mohigan expects to reach an agreement with South Korean government officials and submit a signed proposal for a 'scope of work' before the end .

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"Thank You" For Loyalty [games]

Australian gambling firm Crown Resorts is considering a proper goodbye to Rowen Craig's former CEO, paying him $6.27 million in cash and $2.9 million in stock layoffs. The company, led by billionaire James Packer, had to break up with highly valued CEO Rowen Craig, who retired in late February this year. Craig took control of the company for 10 years, joining the crown resort team until 1993.Craig was appointed chief executive and managing director of crown resort, serving the company's best interests faithfully.

Earlier in the day, Australian media SBS reported that Crown Resort is considering generous compensation to its former CEO for its loyal work of $9.2 million over the past decade. The proposal is currently on hold and awaiting approval from stakeholders. Chairman John Alexander asked shareholders to approve the proposal, and Alexander took over as CEO of Craig in the company. Mr. Alexander was found to have received $2.1 million in basic salary and $700,000 in additional perks during his eight months as CEO.

Crown Resort is in trouble
It is an interesting fact that Mr Craigie's resignation here relates to the company's strategy to efficiently reduce the value of the company's spending, including many job cuts. Mr Craigie voluntarily agreed to resign, according to several reports, and the position was succeeded by John Alexander. News of Mr Craigie's replacement came shortly after the arrest of 18 Crown Resort employees in China in mid-October for allegedly promoting gambling activities deemed illegal in the People's Republic of China. Casino employees were encouraging high-end players in mainland China to gamble at Crown's gambling property in Australia. This left a deep scar on the company's reputation, which not only caused a significant drop in profits, but also led to a dangerous drop in stock prices on the stock market.

To crawl out of this hole, he had to pull out of the Las Vegas casino project and stop planning to separate domestic assets from international assets. Crown also sold a 13.4% stake in Asia's target Melco Crown Entertainment Limited to Melco International Development Limited. The operator withdrew from the international market and the stake sale led to a team and reorganization. Crown Resort currently operates two casino resorts in Australia, one in Melbourne and one in Perth to be more accurate. The operator, which focuses on the Australian gambling business, has launched a renovation project for Crown Sydney, located in Barangaroo, Sydney.

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International casino resort lands due to China's cold shoulder on S. Korea [games]

China's investment holding company Landing International, known as the owner of the ongoing Jeju Shinhwa World Casino Resort, has banned mainland Chinese tourists from visiting Korea after expressing concerns over a political conflict between Korea and the People's Republic of China.

In March of this year, Landing introduced 342 apartments as part of a $2.6 billion project. In fact, the operator decided to launch a casino venture in the Asia-Pacific region after relations between the two current competitors heated up . But this year, things changed dramatically, which once again led to a freeze in relations between the two powers.

Beijing Ban on Korean Gambling
Jay Ipoy, head of Landing International, told reporters in the local media South China Morning Post that the recently opened Shinhwa Theme Park has already experienced a slight decline due to the ban, but the company hopes it will be covered by domestic demand as Jeju Shinhwa World will become Korea's second integrated resort. Lee added that the number of theme parks throughout the area is not enough and that is hope in the clouds. First of all, the park is expected to give a strong boost to Jeju's tourism sector, which is expected to attract 15 million foreign tourists by 2018. It is important to note that operators are moving their casinos to the Shinhwa World Marriott Hotel, which is scheduled to open .

Lee explained that the company expects equal profitability of gambling and non-gambling activities. However, a ban on Chinese tourists could damage the company's casino operations because not all casinos based in Korea are allowed to accept locals as game players. Nevertheless, Lee shared that the company targets markets in many other countries, including Japan, South Korea, Hong Kong, Taiwan and Southeast Asia.

The opening of the Shinhwa Theme Park this Saturday attracted the attention of participants with an interesting and fun program, and the entire complex is scheduled to be completed in 2019, and the current operator will launch a second phase of the landing resort construction.

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