CONNECTICUT – Plans to add an integrated entertainment resort in South Korea’s Incheon could transform the city into a ‘Las Vegas’ of Northeast Asia.
Currently under construction, South Korea’s largest resort project will have tourism and entertainment components including a five-star hotel, an arena, convention facility, casino and theme park.
The Incheon International Airport Corp. said on Nov 5 that the Inspire Integrated Entertainment Resort is targeting to open the first phase of the project in 2022. It will be developed in four phases until 2031, The Korea Herald reported.
It is currently being developed by Inspire Integrated Resort, whose parent company is Mohegan Gaming & Entertainment, one of the largest casino resort operators in North America.
The project joins a cluster of integrated resorts in the Incheon area, including the recently-opened Paradise City and an upcoming casino resort by Caesars Entertainment.
Opening as part of the initial US$1.6-billion phase are three hotel towers providing more than 1,200 rooms and dining, retail and entertainment options, a 15,000-seat sports and concert arena, a foreigners-only casino offering 150 table games and 700 slots, an indoor water park and convention space.
The first phase is expected to complete by end-2021 and open to the public by June the following year.
In the second half of 2021, the second phase will involve a 1.3 trillion won in investment to build an indoor theme park by Paramount Pictures.
Paramount Korea, a Paramount Pictures-branded theme park, is slated to open in 2025 near Incheon Airport.
The theme park will span over a 404,600sqm area in Yeongjongdo, Incheon, with 40 branded attractions and integrated retail, dining and entertainment.
Attractions will be based on global movie franchises from Mission Impossible and Star Trek spin-offs to K-pop culture.
A number of attractions will be K-pop-themed, where they will be operated along with music and performances, according to Paramount.
Other major attractions will be derived from scenes from movies including the Italian Job, Tomb Raider and more, with 4D technology, stuntmen’s live performance and racing track experience, Paramount said.