Inspire Entertainment Resort, Korea’s largest foreigner-only casino complex, has been put up for sale, according to The Korea Times.
Private equity firm Bain Capital initiated the sale process for the sprawling resort located in Incheon’s port city. The firm assumed management control of the resort’s holding company, MGE Korea, in February after the previous operator failed to meet loan conditions.
The Korea Times obtained an official notice confirming the sale, which describes the opportunity as acquiring a newly built, high-end resort complex with a fully approved casino licence. The notice indicates the sale follows an open market bidding process intended to establish the property’s fair market value and complete legal ownership procedures.
The integrated resort opened last year near Incheon International Airport. The complex features three five-star hotel towers totaling 1,275 rooms, the nation’s largest foreigner-only casino, and a convention center. Additional amenities include Korea’s first 15,000-seat multipurpose arena for live entertainment and a glass-domed indoor water park.
