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Mohegan

UPDATED: Bain Capital takes control of Mohegan’s South Korean resort

Mohegan, the gaming and entertainment company that owns Mohegan Sun, acknowledged late Tuesday night that Bain Capital, the Boston-based investment firm, has taken control of Inspire, the nearly $1.7 billion resort Mohegan opened a year ago in Incheon, South Korea.

Bain, the principal lender to MGE Korea Limited, the Mohegan subsidiary that owned Inspire, announced Monday it was exercising its right to take control of the subsidiary after an event of default.

In a statement posted on its website, Mohegan said that while it did not satisfy certain financial covenant tests, it had not missed a loan payment of principal or interest.

“Specifically, the loan held by Bain Capital does not mature until May 2027, with no principal payments due before the maturity date,” Mohegan said. “We made several good faith proposals for amending the financial covenants that are consistent with market precedents. However, Bain Capital has dismissed those proposals and provided counterproposals that would result in Bain Capital receiving large payments ahead of other Inspire lenders.”

An agent for Bain and other lenders behind a $275 million loan put Mohegan on notice last week that they had “accelerated” the debt, meaning they were demanding repayment of the entire balance of the loan.

“Further,” Ari Glazer, Mohegan’s chief financial officer, told investors on a quarterly earnings call, “the agent and Bain Capital, the principal lender, have purported to take certain remedies, including appropriation of the shares of MGE Korea Limited.”

Mohegan executives said during the call they were considering “appropriate responses” to the lenders’ notice.

Bain Capital said the change in Inspire’s ownership will have no impact on the resort’s…

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Mohegan

Bain Capital Assumes Control of South Korean Resort from Mohegan Gaming

Mounting Financial Woes

Despite INSPIRE being one of South Korea’s significant investments, MGE South Korea has faced financial difficulties since its grand opening in January 2024. By September of last year, the IR had hemorrhaged KRW265.4 billion (US$152.18 million) in net losses despite generating a record revenue of KRW219 billion (US$184.42 million).

Mohegan also failed to clear a US$275 million “Korea Term Loan”, explaining that, at the time, it was confident in its ability to access sufficient cash and liquidity. Additionally, the resort was required to reach financial targets contained within its loan documents.

Business as Usual

Bain Capital may have exercised its right to take over INSPIRE, but it insists the transition will not cause interruptions. The establishment’s employees, guests, and day-to-day operations will continue as usual. In a statement, Bain Capital stated, “Although the management rights have been transferred to Bain Capital, there will be no immediate changes in the executive team.”

The company also emphasized its commitment to establishing a strong collaborative relationship with staff and investors to maintain INSPIRE’s sustainable growth. It added, “As a long-term investor with a strong track record in Korea, Bain Capital will provide full support to enhance INSPIRE’s financial performance, elevate guest experience, and drive sustained growth.”

About INSPIRE

Previously known as Mohegan INSPIRE, INSPIRE Entertainment Resort had a soft launch of non-gaming commercial operations in 2023. It later opened a foreigner-exclusive casino in February 2024.

The establishment spans an expansive 461,661 sq ft, featuring three five-star hotels with 1,275 rooms combined. Other amenities include a 15,000-seat performance arena, a 4,000-capacity convention center, and an indoor waterpark under a glass dome. It also hosts South Korea’s largest foreigner-only casino.

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Mohegan

Connecticut Casino Revenues Remains Strong as New Year Begins

Some familiar names from our best sports betting sites crop up when checking out how casinos are doing in the Nutmeg State.

Connecticut’s gross gaming revenue remained strong throughout January, with the Mashantucket Pequot Tribal Nation (MPTN) and the Mohegan Tribe reporting strong online increases.

Mohegan Digital, LLC, the Mohegan Tribe’s online venture, reported a total gross gaming revenue (GGR) of over $22 million. This was accompanied by promotional deductions of over $4 million and payments of over $4 million.

MPI Master Wagering License CT, LLC, which operates the MPTN’s online gaming business, registered a slightly higher combined GGR of over $23 million. It also reported over $4 million in promotional allowances and over $4.1 million in payouts. DraftKings Casino is the MPTN’s online partner.

Deeper details

In addition, for its on-reservation gaming at Mohegan Sun, Mohegan posted a GGR of over $58,000, a promotional deduction of over $10,000, and a payment of around $10,000. MPTN’s on-reservation gaming at Foxwoods Resort Casino included a GGR of over $76,000, a promotional deduction of roughly $13,000, and a payment of around $13,000.

Mohegan Digital had total online wagers of $718. 8 million, and patron winnings were $691.2 million. The number of canceled wagers was much higher than on-reservation organizations, at around 838,000. Win/loss of online casino gaming for Mohegan Digital was over $26.7 million.

MPTN recorded even greater overall online wagers, with $876.1 million. Patron winnings were $847.6 million, and canceled wagers totaled just over $1.1 million. MPTN’s online casino gaming win/loss was the greatest, at around $27 million.

Online casino gaming win/loss figures are shown to be the most lucrative category. The Mohegan and the MPTN surpassed $26 million in online casino gaming win/loss figures, much greater than the on-reservation options reported, at under $100,000 each. This solidifies the sweeping dominance of online gambling as…

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Mohegan

Lynn’s ‘Speedy’ Rashidi Ellis dominates yet again

Lynn’s ‘Speedy’ Rashidi Ellis dominates yet again – Itemlive{if(!o){return 0}const e=JSON.parse(o);return e[document.URL]||0};r.isScrolled=()=>{return r.getScrollPos()>document.documentElement.clientHeight*.5};return r}();]]>[]{if(window.NPRL!=undefined)return;(function(e){var t=e.prototype;t.after||(t.after=function(){var e,t=arguments,n=t.length,r=0,i=this,o=i.parentNode,a=Node,c=String,u=document;if(o!==null){while(rnew RegExp(e)):[];var l;var f;var m=null;var v=null;var p=null;var g={touch:[“touchmove”,”touchend”],default:[“mousemove”,”click”,”keydown”,”wheel”]};var h=true;var E=[];var y=false;var w=[];var b=0;var S=0;var N=false;var L=0;var R=null;var T=false;var O=false;var A=false;var C=[];var P=[];var I=[];var M=[];var k=false;var x={};var j=new Map;var _=”noModule”in HTMLScriptElement.prototype;var B=requestAnimationFrame||mozRequestAnimationFrame||webkitRequestAnimationFrame||msRequestAnimationFrame;function q(e,t){if(!x[e]){x[e]=[]}x[e].push(t)}function D(e,t){if(x[e]){var 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Alice in Chains announce Mohegan Sun show

Alice in Chains announce Mohegan Sun show

Alice and Chains
Mohegan Sun 1 Mohegan Sun Blvd, Uncasville, CT 06382
May 8, 2025 • 8 pm – 11 pm
Tickets are on sale now via Ticketmaster.com

Alice and Chains

https://img.particlenews.com/image.php?url=1FmEFA_0z6KFu4g00Image via Mohegan Sun

The Rock group behind the hits “I Stay Away,” “No Excuses,” “Them Bones,” and “Man in the Box,” Alice in Chains will play a show at Mohegan Sun Arena on Thursday, May 8th. The extraordinary live performance kicks off at 8:00pm.

Tickets to see the famed ‘90s band live in concert go on sale Friday, February 21st at 10:00am via Ticketmaster.com . Rock fans can also purchase tickets at the Mohegan Sun Box Office beginning on Saturday, February 22nd, subject to availability.

Over the course of their remarkable career, seminal Rock band Alice In Chains (vocalist/guitarist Jerry Cantrell, drummer Sean Kinney, bassist Mike Inez and vocalist/guitarist William DuVall) have garnered multiple Grammy nominations, sold more than 30 million albums worldwide, and amassed a diehard international fanbase whose members number in the millions.

Their discography features some of the biggest and most important albums in Rock history, including 1992’s quadruple-platinum-certified Dirt , 1994’s triple-platinum-certified EP Jar of Flies , which was the first EP in music history to debut at No. 1 on the Billboard Top 200, and 1995’s self-titled double-platinum-certified Alice In Chains , which also entered the Billboard Top 200 at No. 1. They returned in grand style in 2009 with the critically acclaimed Black Gives Way To Blue , which hit No. 1 across the Rock and Alternative charts,…

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What Happened to Alyssa Thomas at Unrivaled? Digging Deeper Into Into WNBA Star’s Absence Against Phantom BC

Alyssa Thomas has always been the kind of player who makes her presence felt on the court. Whether it’s crashing the boards, orchestrating plays, or setting the defensive tone, she is the engine that keeps her team running. But when the Laces took the floor against Phantom BC on February 18, Thomas was nowhere to be seen. Her absence raised immediate questions, especially considering her role as one of the team’s most influential leaders.

As it turns out, the knee injury she suffered on January 23 has yet to fully heal—leaving both fans and teammates wondering when their captain will return. According to a recent post on X by Desert Wave Media, “Phoenix Mercury/Laces BC forward Alyssa Thomas is OUT (right leg) for the Laces tonight vs. Phantom and Phoenix Mercury/Rose BC wing Kahleah Copper (right leg) is OUT for Rose tonight vs. Vinyl.”

Although the Laces won the game 75-68 to improve to a 5-3 record, her absence was still a significant talking point. During their January 23 matchup against Phantom BC, Thomas exited in the fourth quarter after suffering a right knee injury, which she got while contesting a rebound with Rhyne Howard.

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She was seen clutching her knee in visible pain before being helped off the court by a trainer. The league announced that she would be re-evaluated the following morning, but nearly a month later, she has yet to make her return.

Despite losing their captain in that game, the Laces (then 3-0) pushed through to secure an 83-79…

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BOYS BASKETBALL: 2024-25 District 2 Championship Playoff Schedule

2024-25 DISTRICT 2 BOYS BASKETBALL PLAYOFFS

Tickets for the 2025 District 2 Boys and Girls Basketball Championships. Tickets are required for every round of the championships.

Click here for tickets

 

DISTRICT 2-4 CLASS 6A SUBREGIONAL

Quarterfinals

Hazleton Area 69, Wyoming Valley West 33

Wilkes-Barre Area 66, West Scranton 27

Williamsport 55, Delaware Valley 49

Saturday’s semifinal

5-Williamsport (10-12) at 1-Scranton (16-6), 5 p.m.

Monday’s semifinal

3-Hazleton Area (12-11) at 2-Wilkes-Barre Area (16-9), 7 p.m.

Final, March 1

At Mohegan Sun Arena

Semifinal winners, 8 p.m.

DISTRICT 2 CLASS 5A

Quarterfinals

Crestwood 44, Nanticoke Area 24

Wallenpaupack 47, North Pocono 39

Friday’s semifinals

3-Crestwood (14-9) at 2-Abington Heights (12-10), 7 p.m.

4-Wallenpaupack (12-11) at 1-Pittston Area (14-8), 7 p.m.

Final, Feb. 28

At Mohegan Sun Arena

Semifinal winners, 8 p.m.

 

DISTRICT 2 CLASS 4A

Quarterfinals

Dallas 50, Tunkhannock 35

Valley View 57, Mid Valley 33

Wyoming Area 53, Berwick 51

Scranton Prep 57, Honesdale 43

Friday’s semifinals

4-Wyoming Area (16-8) at 1-Scranton Prep (17-6), 7 p.m.

3-Valley View (18-5) vs. 2-Dallas (18-8), 7 p.m.

PIAA qualifier third-place game, Feb. 25

Semifinal losing teams at higher seed, 7 p.m.

Final, March 1

At Mohegan Sun Arena

Semifinal winners, 4 p.m.

DISTRICT 2 CLASS 3A

Quarterfinals

Elk Lake 58, Montrose 43

Holy Cross 86, Lakeland 47

Dunmore 59, Holy Redeemer 52

Saturday’s semifinals

3-Elk Lake (20-3) at 2-Holy Cross (21-3), TBA

5-Dunmore (12-11) at 1-Riverside (22-1), 6 p.m.

Final, Feb. 27

At Mohegan Sun Arena

Semifinal winners, 8 p.m.

DISTRICT 2 CLASS 2A

Quarterfinals

Lackawanna Trail 47, Susquehanna 34

Mountain View 53, Forest City 36

Wyoming Seminary 56, Blue Ridge 39

Saturday’s semifinals

3-Lackawanna Trail (13-10) at 2-Mountain View (16-7), TBA

4-Wyoming Seminary (10-13) at 1-Old Forge (17-5), 1 p.m.

Final, March 1

At Mohegan Sun Arena

Semifinal winners, 2…

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Rock 107’s 45th Anniversary Show featuring Alice Cooper

TICKETS: $149.50 GOLD CIRCLE, $99.50 PRICE LEVEL 2, $79.50 PRICE LEVEL 3, $59.50 PRICE LEVEL 4, $49.50 PRICE LEVEL 5

AVAILABLE AT TICKETMASTER.COMSLPCONCERTS.NET, AND MOHEGAN ARENA 

Pre-Sale starts at 10am on Thursday 2/13. Click the link below to access the pre-sale and use the password provided.

 

ALICE COOPER

TOO CLOSE FOR COMFORT

ALICE COOPER

TOO CLOSE FOR COMFORT

ROCK LEGEND ALICE COOPER TAKES OVER THE MOHEGAN ARENA IN WILKES-BARRE ON MAY 20

 

The legendary Alice Cooper is bringing his Too Close for Comfort Tour to Wilkes-Barre for one night only! Get ready for a theatrical rock spectacle packed with iconic hits, shock-rock antics, and pure adrenaline as the master of mayhem takes over Mohegan Arena on May 20. Don’t miss your chance to see the Rock & Roll Hall of Famer live in Wilkes-Barre for one unforgettable night!

Event Details:
📅 Date: Tuesday, May 20, 2025
⏰ Time: 8:00 PM
Tickets: Starting at $49.50

 

 

ALICE COOPER

VIP PACKAGES

VIP Package Presale – Tuesday 2/11 10am – Thursday 2/13 10pm

No password needed for VIP Package presale

 

(VIP1) ALICE COOPER: Alice Cooper Front Row Package
$699.50 each
Includes:
– One Reserved Front Row Ticket
– Individual Photograph with Alice Cooper
– Autographed Alice Cooper Commemorative Poster
– Official Alice Cooper Set List
– Specially Designed Exclusive Merchandise
– Very Limited Availability

(VIP2) ALICE COOPER: Alice Cooper Diamond Package
$674.50 Each
Includes:
– One Reserved Ticket in Rows 2-5
– Individual Photograph with Alice Cooper
– Autographed Alice Cooper Commemorative Poster
– Official Alice Cooper Set List
– Specially Designed Exclusive Merchandise
– Limited Availability

(VIP3) ALICE COOPER: VIP Merchandise Package
$274.50 Each
Includes:
– One P1 Reserved or General Admission Concert Ticket
– Collectible Alice Cooper Merchandise
– Limited Availability

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