Mohegan Backs Out of $9.3bn Greek Casino Project Plans
Mohegan withdraws plans to develop and operate a $9.3bn Greek casino in Greece. The company will focus on its $1.6bn Inspire Korea project in Seoul. It expects to open in Q2 2023.
Mohegan has pulled out of the €8bn ($9.3bn) casino resort in Greece. Hard Rock International took issue with the HGC after it awarded the 30-year license to its only rival bidder last year. The company argued that Mohegen would struggle to finance the project.
Mohegan has decided to focus on its Inspire Korea development in Seoul. The South Korean government selected Mohegen from a number of other suitors. It is still trying to secure the final piece of financing. Construction is expected to start in 2023.
