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PROJECT INSPIRE
12 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
PROJECT INSPIRE COWLITZ PROJECT:
    The Company owns 100% of Salishan-Mohegan, LLC (“Salishan-Mohegan”), which developed and currently manages the Cowlitz Project, a gaming and entertainment facility owned by the federally-recognized Cowlitz Indian Tribe and the Cowlitz Tribal Gaming Authority. The Cowlitz Project opened in April 2017. Through Salishan-Mohegan Development Company, LLC, Salishan-Mohegan, along with Salishan Company, LLC (“Salishan Company”), an unrelated entity, also holds the development rights to any future development at ilani Casino Resort.
    Under the terms of Salishan-Mohegan's development agreements, development fees of $1.8 million, $976,000 and $570,000 were earned for the fiscal years ended September 30, 2020, 2019 and 2018, respectively. Under the terms of Salishan-Mohegan's management agreement, Salishan-Mohegan manages, operates and maintains the casino resort through May 2024 for a fee representing 24% of net revenues, as defined under the management agreement. Management fees earned by Salishan-Mohegan totaled $34.2 million, $27.9 million and $13.5 million for the fiscal years ended September 30, 2020, 2019 and 2018, respectively.
    Salishan-Mohegan advanced funds for the Cowlitz Project before financing was obtained for the project. On December 4, 2018, the Company received $106.6 million from the Cowlitz Tribal Gaming Authority. This amount represented the full repayment of then-outstanding advances and accrued interest, through the repayment date, totaling $32.0 million and $74.6 million, respectively.
    In April 2017, pursuant to a membership interest redemption and withdrawal agreement, Salishan-Mohegan agreed to redeem the membership interest in Salishan-Mohegan that was previously held by Salishan Company for a redemption price of $114.8 million (the “Redemption Price”), which was determined by binding arbitration. The Redemption Price represented a $68.5 million redemption liability based on the present value of the Redemption Price, utilizing the Company’s credit adjusted risk-free investment rate. The amount of the redemption liability approximated the carrying value of Salishan Company's membership interest at the redemption date and, accordingly, no gain or loss was recorded in connection with this transaction. The redemption liability is payable through a promissory note (the “Redemption Note Payable”) issued by Salishan-Mohegan. The Redemption Note Payable is payable in monthly installments of $1.9 million over a five-year period, commencing in May 2019. The Company recognizes interest expense relating to the amortization of discount to the Redemption Price, utilizing the effective yield method.PROJECT INSPIRE:
    The Company owns 100% of Inspire Integrated Resort Co., Ltd. (“Inspire Integrated Resort”) and MGA Korea, LLC, which were formed to develop and construct Project Inspire. In February 2016, Inspire Integrated Resort was awarded pre-approval for a foreigner-only gaming license to be issued upon completion of the construction of Project Inspire. In August 2016, Inspire Integrated Resort entered into an agreement with the Incheon International Airport Authority for the long-term lease and development of land at the project site adjacent to the airport. Portions of the parcel of land covered by the lease will be released to Inspire Integrated Resort for development as the various phases of the project are approved by local authorities. Rental payments for each phase commence upon their respective initial operation commencement date, as defined, and will be based upon the governmentally appraised value of the project at such time. The overall term of the lease ends on the date which is the fiftieth anniversary of the operation commencement date, with a renewal option for an additional 49 years.
    In March 2019, the Company received the necessary approvals for the initial phase of the project and, as a result, it was granted control of the related portion of the overall parcel of land. Accordingly, for accounting purposes, the lease term for this portion of land commenced on such date and the Company began recognizing rental expense. Rental expense is being recognized on a straight-line basis over the lease term, as defined above. Rental expense totaled $3.9 million and $1.8 million for the fiscal years ended September 30, 2020 and 2019, respectively, and was recorded within pre-opening costs and expenses.
    In May 2018, the Company redeemed the membership interest in Inspire Integrated Resort that was previously held by a third-party for a cash payment of $106.7 million. In accordance with ASC Topic 810, “Consolidation”, the $10.0 million difference between the carrying value of the non-controlling interest and the fair value of consideration paid was recorded as a reduction in retained earnings. The non-controlling interest portion of accumulated other comprehensive income related to foreign currency translation of $7.7 million was recorded as an increase in accumulated other comprehensive income. No gain or loss was recorded in connection with this transaction.MOHEGAN SUN CASINO AT VIRGIN HOTELS LAS VEGAS:    The Company owns 100% of MGNV, LLC (“MGNV”), which was formed to operate the Mohegan Sun Casino at Virgin Hotels Las Vegas. In July 2019, MGNV entered into a casino lease agreement with JC Hospitality, LLC, which is currently redeveloping the former Hard Rock Hotel and Casino in Las Vegas, Nevada, into an integrated resort under the Virgin Hotels brand, which will include the Mohegan Sun Casino at Virgin Hotels Las Vegas. Pursuant to the lease agreement, MGNV will lease and operate the more than 60,000-square-foot Mohegan Sun Casino at Virgin Hotels Las Vegas, subject to the completion of planned renovations. During the initial term of this 20-year lease agreement, the Company is required to make annual minimum rent payments of $9.0 million, subject to escalators which could result in annual minimum rent payments of up to $15.0 million, plus consumer price index inflators and additional common area maintenance fees. Annual minimum rent payments commence upon the first anniversary of the Lease Commencement Date, as defined under the lease agreement, and continue until the end of the lease term, which is currently estimated to conclude in 2041, subject to additional extensions at MGNV's option. The lease agreement is contingent upon and subject to the Company obtaining necessary approvals from all regulatory authorities, including without limitation, the State of Nevada and Clark County, Nevada. As of September 30, 2020, MGNV had not obtained control of the premises as defined under the lease agreement, as the planned renovations had not yet been completed.