Mar 30, 2022 Newsdesk Industry Talk, Latest News  
Mohegan Gaming and Entertainment, the United States-based backer of a casino resort project in South Korea, says Raymond Lim (pictured) has been appointed chief legal officer.
Mohegan Gaming, developer of the Inspire Entertainment Resort at Incheon, said Mr Lin’s duties would include handling “regulatory issues, international and domestic policy-making decisions, and formulating business, operational and legal strategies”.
Prior to his new post, Mr Lin was a partner at law firm Latham & Watkins LLP. In that role, he served as co-head of the private equity practice group, representing clients linked to the casino sector, including lenders, developers, owners and operators of gaming properties.
In his new role, Mr Lin would “ensure maximum protection of our legal rights and obligations across all of our properties,” said Ray Pineault, president and chief executive of Mohegan Gaming, as cited in a Tuesday press release.
Phase one of Inspire, including a foreigner-only casino, “will be completed some time in the fourth quarter of 2023,” said Bobby Soper, Mohegan Gaming’s international president, in a recent interview with GGRAsia.
In late November, Mohegan Gaming said it had closed the US$1.55-billion financing for phase one of the South Korean project. The funding includes a total of US$575 million in equity, consisting of a US$300 million investment from Mohegan Gaming, and US$275 million raised through global private equity firms.
Dec 04, 2023
Dec 01, 2023
Dec 05, 2023
Dec 05, 2023
Dec 05, 2023
Work to guard against the risk of soil liquefaction and to deal with other land issues at the site of the planned MGM Osaka casino resort in Japan began on Monday, according to an announcement by...
(Click here for more)
"The six Macau casino operators should not be penalised for upping expenditure on player incentives, so long as their EBITDA margins are not materially diluted”
George Choi and Ryan Cheung
Analysts at Citigroup