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"High interest rates, inflation, the war in Ukraine, as effectively as Gaza-Israel conflict, continue to weigh on global economic activities," it stated. "The rise in interest rate has dampened the rebound of global economy, and the markets anticipate interest rate cuts in 2024. Nonetheless, it is believed that interest rates will remain high for some time, and the forthcoming years will stay difficult for the Group. As such, the gaming small business recorded net income of HK$46.eight million (US$six. million) in 2023, up 1.4% year-on-year, but a segment loss of HK$258.4 million (US$33. million), widened by some 49%. Future planned expansion phases at Inspire consist of a connected indoor walkway to Incheon International, which would make the resort the initially and only casino in the globe with its own private air terminal. Due to the fact 1971, the Korea Tourism Association has been rating hotels as aspect of the government’s commitment to advertising the nation as an ideal tourist location for foreign travelers. Mohegan Inspire is a planned $five billion location improvement that will be completed by means of numerous further building phases. The Mohegan Tribal Gaming Authority announced this week that the Korea Tourism Association had designated Inspire a five-star hotel.

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