Content Writer: Janice Chew • Monday, 26/01/2026 - 16:24:20 - PM
Korea’s INSPIRE Entertainment Resort marked a strong financial performance for the fiscal year ended 30 September 2025, recording total revenues of KRW 415.9 billion (approximately US$285 million) — a roughly 90 % increase year-on-year — while significantly reducing its operating loss compared with the prior year. The figures, disclosed in filings with Korea’s Financial Supervisory Service and reported by industry news outlets, show the integrated resort moving closer to profitability as its operations continue to scale up.
Although INSPIRE still posted a net loss of KRW 154.8 billion (about US$106 million) for FY25, this was a marked improvement from a net loss of KRW 265.4 billion (around US$182 million) in FY24, with EBITDA swinging to a positive KRW 16.9 billion (US$11.6 million) — the first time the resort has reported positive earnings before interest, taxes, depreciation and amortization. Much of the revenue growth was driven by casino operations, which jumped 147 % to KRW 267.2 billion (approximately US$183 million), while non-gaming segments such as hotel rooms, food & beverage, and entertainment also contributed.
INSPIRE’s financial results reflect its rapid operational ramp since opening non-gaming facilities in late 2023 and launching its casino in February 2024. Visitor momentum was underscored by cumulative footfall of 8.8 million as of the end of FY25, helped by attractions like its 15,000-seat arena and diversified leisure offerings. Industry reports also note the property’s 1,275-room luxury hotel, significant food and entertainment revenues, and growing retail and other income streams beyond gaming.
However, INSPIRE’s broader outlook remains nuanced due to substantial debt and recent shifts in its ownership structure. Private investment firm Bain Capital assumed operational control of the resort in early 2025 after Mohegan defaulted on loan covenants, and later completed a large debt refinancing. These developments highlight ongoing financial and strategic challenges even as the business makes operational progress and enhances revenue growth.