US-based tribal casino operator Mohegan has outlined the continued ramp of its Korean integrated resort, Mohegan INSPIRE, which saw casino visitation move above 30,000 for the first time in August with hotel occupancy of almost 90%.
The update formed part of an Investor Day on Wednesday, with the company providing month-by-month details of INSPIRE’s historical KPI performance. The performance includes a three-fold increase in casino visitation from 10,771 in February to a record 30,729 in August, while hotel occupancy climbed from 58.3% to 89.7% over the same period.
Mass and premium mass table drop also jumped from US$30.3 million in February to US$85.2 million with drop for the September 2024 quarter reaching US$224.2 million.
Mohegan said the number of people in its Player Rewards database now sits at 93,075.
The company has previously stated its expectation that the US$1.6 billion INSPIRE will become EBITDA positive within this year, having opened its doors last November and its casino in early February 2024.
Last year’s soft opening also included some hotel capacity, MICE and signature restaurants, while the INSPIRE Mall, outdoor experiential space, international food court, immersive content exhibition hall and indoor children’s playground have all opened gradually throughout 2024.
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