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Mohegan says new INSPIRE owner Bain Capital ignored “market precedents” in refusing covenant amendments

Summary by IAG
US tribal casino operator Mohegan has described the transfer of control of Korea’s INSPIRE integrated resort to its main lender Bain Capital as not being in the best interests of the property or stakeholders. It has also accused the private investment firm of making demands that were unfair to other lenders during negotiations around potential amendments to financial covenants. Bain Capital confirmed earlier this week that it had assumed control…
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Mohegan says new INSPIRE owner Bain Capital ignored “market precedents” in refusing covenant amendments

US tribal casino operator Mohegan has described the transfer of control of Korea’s INSPIRE integrated resort to its main lender Bain Capital as not being in the best interests of the property or stakeholders. It has also accused the private investment firm of making demands that were unfair to other lenders during negotiations around potential amendments to financial covenants. Bain Capital confirmed earlier this week that it had assumed control…

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Asia Gaming News | AGB - Asia Gaming BriefAsia Gaming News | AGB - Asia Gaming Brief

Bain Capital takes over management rights of Mohegan INSPIRE resort

Management rights for the Mohegan INSPIRE resort in Incheon, South Korea, have been taken over by private equity firm Bain Capital. The post Bain Capital takes over management rights of Mohegan INSPIRE resort first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

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Asia Gaming News | AGB - Asia Gaming Brief broke the news in on Monday, February 17, 2025.
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