On December 5, it was announced that Mohegan Gaming and Entertainment has partnered with Hanwha Corporation on the building of the Project Inspire Resort. Including in the reporting of their fourth-quarter results, Mohegan explained that Hanwha will serve as the general contractor for the project which is set to open in 2022.

Explained President and CEO Mario Kontomerkos in the release, “In connection with Inspire, we are pleased to announce our partnership with Hanwha Corp, one of the country’s largest conglomerates, who will serve as our primary general contractor and will also provide the project with important local operational expertise and credit enhancement.”

An agreement has been reached between the two companies in order to advance the project. This included a “guarantee of completion” by Hanwha as well as providing a $100 million investment in the project. There are also operational and infrastructure guarantees that were provided by Hanwha.

The project will include a hotel and resort, as well as non-gaming offerings. The hotel complex is expected to have 1300 rooms and over 4500 square meters dedicated to Korean cosmetics and beauty services. There will also be a themed indoor and outdoor amusement park that will include a 33,000 square meter Eco Adventure Park, which will include an indoor rain forest. It is truly a grand venture, to say the least.