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Osidori Nagasaki RFP, quit. It doesn’t affect mohegan

U.S.-based tribal casino operator Mohegan Gaming and Entertainment said it does not expect any “financial impact” on the company as it is no longer operating through a consortium for casino licenses in Nagasaki Prefecture, Japan.

Mohegan Gaming and Entertainment has been paired with Oshidori International Holdings Ltd. for the Nagasaki bid.

In an announcement on Tuesday, Nagasaki authorities said the Osidori-led consortium had “quasi-winned” in the process of Request for Proposal (RFP) initiated by Japan’s Nagasaki Prefecture. Last week, Osidori questioned whether it was “going in an ethical manner” and said he was considering pulling out of the selection process.

“You may have read recently that Osidori has withdrawn its bid for an integrated resort in Nagasaki,” Raymond Pinot, president and chief executive of Mohegan Sun, said in a quarterly earnings release that ended June 30.

He added that the decision to withdraw from the RFP process was made “alonely” by Osidori. Mr Pinot added that the withdrawal would not have “significant financial impact” on the Mohegan line.

“We were providing operational expertise and support for the RFP process and did not anticipate any meaningful cash flow or cost related to this project,” the executive added.

Nagasaki Prefecture said on Tuesday it had selected Casino Austria International Japan Inc as its “priority” partner for local governments to lean into having casino resorts.

In an earnings call, Mr. Pinault said Mohegan Sun has made “meaningful progress” to complete financing for the Incheon casino project in South Korea. He added that Mohegan Sun remains “optimistic” that it can increase construction later this year.

Mohegan Gaming is developing Inspire Entertainment Resort, a complex with foreigner-only casinos near Incheon International Airport, Korea’s main aviation hub.

The company confirmed in its March 31 announcement that the South Korean authorities have approved delaying the opening of Inspire’s first phase by one year.

Mohegan Sun on Tuesday said it had net income of $328.2 million, up 206.1% year over year for the three months ended June 30. Operating income was $64 million for the reporting period and lost $20.5 million for the prior year period.

BY: 파워볼실시간

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