KCC Corporation (renamed from Kumkang Korea Chemicals Co., Ltd. on February 25, 2005, KRX: 002380) is one of the leading industrial material and fine chemical manufacturing company, headquartered in Seoul, South Korea. The company along with its subsidiaries specializes in manufacturing chemicals for construction, automotive, industrial, semiconductor and other related industries.In 2015, KCC Corp and Mohegan Sun formed a joint venture partnership for the proposed Inspired Intergrated Resort in Incheon. A 24.5 percent stake in Inspire Integrated Resort Co Ltd, was acquired by South Korean chemicals manufacturer KKC Corp for US$176 million.
Mohegan Tribal Gaming Authority has announced the resignation of its president and CEO Robert “Bobby” Soper, effective immediately, according to a press release from the company on Thursday. It was not clear why Soper’s resignation came so suddenly, but it is understood Soper resigned in order to “pursue other opportunities”. In the interim, Soper […]
Mohegan Sun Tribal Gaming Authority (MTGA) says it is targeting approximately $750 million in fees for its partnership in the casino resort at Incheon, according to reports. The tribal casino operator in February, along with KCC Corp. won the bid to build the integrated resort project on Yeongjong Island. Last week, at the Bank of […]
A consortium led by U.S. casino operator Mohegan Sun has signed an agreement with Incheon International Airport Corporation to build an integrated resort on Yeongjong Island by 2020. Inspire Integrated Resort, which includes KCC Group and Mohegan Sun, signed the agreement to use land spanning 2.67 square kilometers on the island west of Seoul. The […]
South Korea’s new casino developments will find it difficult to see strong returns on investment due to restrictions on local patrons, says Fitch Ratings. The rating agency said large scale integrated resort projects in South Korea will face competitive pressures from Macau, Singapore, the Philippines and Australia. “We believe this pressure will not abate as the first casino […]
U.S. casino operator Mohegan Sun and KCC Corp have been selected as the winner of an integrated resort project on Yeongjong Island, a transportation hub west of Seoul, according to Yonhap News. Announced by the Ministry of Tourism in Korea, Mohegan’s bid with KCC envisions a KRW1.5 trillion (US$1.2 billion) facility called “Inspire Integrated Resort”, […]
KCC Corp’s plan to team up with U.S. tribal operator Mohegan Sun on a casino venture in South Korea is credit negative for the company, ratings firm Moody’s says. KCC, a Korean industrial paints and chemicals company, is planning to invest KRW204 billion ($178 million) for a 24.5 percent stake in Inspire Integrated Resorts, Mohegan’s […]
U.S. tribal operators are increasingly tailoring their offerings towards the Asian market to attract both local ethnic communities and the increasingly adventurous Asian millennial, who may be willing to travel beyond Las Vegas and other traditional destinations. Some of these U.S. operators are also looking back at Asia, counting on their mass-focused tourism offerings to give them an edge in entering the region. Genting and Mohegan Sun are currently the trail blazers, though others may follow if they find success.