“We have a track run shown in the progression and operation of major incorporated resorts in North America with our good fortune in Connecticut, Las Vegas and Niagara Falls, and we look forward to taking this good fortune as the first U. S. IR. USA Introduced to Korea,” said James Gessner Jr. , president of the Mohegan tribe and mge’s board of directors.
INSPIRE Integrated Resort Co. , Ltd. (INSPIRE), MGE’s one hundred percent Korean subsidiary, now has the financing to complete the allocation structure, which includes a total of $575 million in equity combining MGE’s $300 million investment and $275 million raised through global personal equity firms, Bain Capital and MBK Partners, and the 1. 04 trillion Korean won assignment financing loan (equivalent to about $890 million US dollars) obtained through a Korean consortium of 3 banks that added KB Securities, NH Investment
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SOURCE Mohegan Gaming