Tag Archives: international

International Gaming Institute: Forming Video Gaming for 25 Years

From 1946 to 1989, the Las Vegas Strip broadened to include 11 new hotel gambling establishments. In the 1990s, the industry was flourishing, and the number of resorts on the Strip nearly doubled. 1993 alone saw the building of Luxor, Treasure Island, MGM Grand, and the implosion of Dunes to include The Bellagio.

That same year, two UNLV Hotel College faculty members, David Christenson and Vince Eade, consulted with the Nevada Video Gaming Commission. The group decided that the market’s fast development developed a need for “an institute in Las Vegas that would act as an instructional avenue for the broadening video gaming market.”

The UNLV International Gaming Institutewas released by the end of 1993 to supply video gaming research, development, executive education, and insights to leaders in the public, private, and nonprofit sectors. Here’s a look at some of the institute’s turning points over the last quarter-century.


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Harbor Group International Concludes Biggest D.C.-Area House Offer This Year

For 2 weeks, the sale of the Ballston Place apartment complex in Arlington, Virginia, stood as the biggest multifamily transaction in the Washington, D.C., market in 2018. Its brief reign just ended.

Harbor Group International, a realty management and financial investment firm locateded in Norfolk, Virginia, finished Thursday its previously revealed purchase of Dulles Greene, a sprawling 806-unit apartment building in Washington’s Virginia suburban areas, in a $193 million deal. The sale price eclipses the $169 million Akelius paid for Ballston Place earlier this month.

Both sales highlight the head-scratching staying power of the Washington rental market. Greater D.C. was one of the first house markets to roar from the Great Recession, with increasing leas, strong occupancy and wild financier interest. And it has remained constantly strong when other hot markets are revealing signs of being post-peak.

Strong job development, specifically for high-paying tasks, and falling own a home rates fueled the rental market’s initial recovery in Washington. However when designers reacted with a flood of new homes – some 51,000 new systems were brought to market in between 2014 and 2017 – the marketplace kept absorbing them. Greater Washington has actually seen the third-most brand-new homes brought online this cycle, behind only the massive New York City market and Dallas.

Vacancy now stands at 5.9 percent in the Washington market, according to CoStar information, simply above the 5.7 percent national average. Lease development slowed to a negligible.7 percent in 2017. But all that might be short-term, if current history is a guide.

While the total dollar rate is a year-to-date high, the per-unit rate of about $239,000 per home for Dulles Greene is more in line with other slightly older leasings in the location. Of D.C.-area apartment homes costing more than $50 million this year, three have traded for north of $500,000 per system.

The Ellington, a 190-unit tower at 1301 U St. NW, in the District, offered to the U.S. arm of German investor Jamestown for $118.6 million in March, or a whopping $624,000 per system. That is this year’s high-water mark.

The list price for Dulles Greene represents a healthy cap rate of 5.28 percent for Harbor Group International, which was reported to be the buyer previously this month.

The 20-year-old, garden-style complex at 2150 Astoria Circle in Herndon is 94 percent rented. Homes at Dulles Green variety from one- to three-bedroom units, and function vaulted ceilings, washer and dryers, and fireplaces. The features at the home include a pool, locals lounge with grilling stations, a play area and gym and tennis courts.

Jones Lang LaSalle’s brokerage group led by Christine Espenshade and Robert Garrish represented the seller, Toll Sibling, of Horsham, Pennsylvania.

For more details on the sale of Dulles Greene, please see CoStar Comp # 4493276.

UNLV International Video Gaming Institute Research Helps Japan Launch its Very First Integrated Resorts

Japanese legislators on Friday authorized a costs that will cause that nation’s very first integrated resorts, facilities very first developed in Las Vegas that blend hotel and conference facilities with entertainment, dining, shopping and gaming.

The relocation, years in the making, is expected to enhance Japan’s tourism economy when the first three resorts are presented in the coming years.

Since 2012, researchers at UNLV’s International Video gaming Institute (IGI) have actually been a resource for Japanese government authorities and magnate, using tailored research study and curricula on incorporated resort execution.

In 2017, IGI scientists Bo Bernhard, Brett Abarbanel, and Jennifer Roberts, along with Kahlil Philander of Washington State University, ready 2 comprehensive reports that provided a few of the most detailed details that any jurisdiction was able to make use of prior to integrated resort application.

” Japanese authorities have actually taken a thoughtful and comprehensive technique that thinks about gaming’s socioeconomic impacts and suitable regulation in addition to gambling addiction education, prevention, and treatment measures,” stated Bo Bernhard, IGI’s executive director.

IGI’s 2017 reports used a socioeconomic analysis of the effects of an incorporated resort casino, consisting of the need to strike a balance between growing the Japanese tourist market while decreasing social costs such as dependency and criminal activity. Researchers also addressed how video gaming guideline can help Japan eliminate organized criminal offense in gambling establishment management, suggesting rigorous pre and post-licensing requirements and enforcement structures, internal controls, and compliance practices.

Prior to passing the incorporated resorts legislation, Japanese officials introduced and approved the “Gambling Dependency Countermeasures Bill,” which IGI researchers admire as a precedent-setting action to attend to problem betting and protect an accountable future for incorporated resorts in Japan.” This landmark decision not

just vouches for Japan’s concern for the wellness of residents and visitors but also shows the nation’s dedication to academic research and education,” stated Bernhard. About the UNLV International Gaming Institute Offering research-based options and executive education programs to more than 50 jurisdictions across the globe, the UNLV International Gaming Institute( IGI )provides cutting-edge research, knowledge , and development to leaders in the global video gaming industry. To assist preserve its status as the” international intellectual capital” of video gaming, IGI homes centers of quality and laboratories. The Center for Video Gaming Development, the International Center for Gaming Regulation, the Hospitality Laboratory, and the Esports Laboratory were each established to deal with a tactical concern that only an academic organization’s unique spaces and structures can solve.

Barry Manilow frequents Las Vegas at the International Theater

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< img class= "photograph" src=" https://photos.lasvegassun.com/media/img/photos/2018/07/22/Michael_ZornInvisionAP_t653.jpg?214bc4f9d9bd7c08c7d0f6599bb3328710e01e7b" alt

=” Image”/ > Michael Zorn/AP Barry Manilow, shown here performing in Los Angeles in January, finishes up his summer season perform at the Westgate this week.

Monday, July 23, 2018|2 a.m.

With the current news that Bally’s Jubilee Theater will quickly be refashioned into a various location to accommodate a bike stunt show next year, it’s time to analyze the Strip’s decreasing supply of classic display rooms. I ‘d argue there’s only one genuinely excellent old-school theater left and it’s just off the Strip at Westgate Las Vegas. The International Theater has been the home of Barbra Streisand, Elvis Presley and Liberace when this resort was the International Hotel and then the Las Vegas Hilton, and now its most effective modern-day star has returned.

Barry Manilow is a perfect fit for the current variations of this room and this resort, where he performed “Manilow: Music and Passion” and “Ultimate Manilow: The Hits” from 2005 to 2010. His new production, “Manilow Las Vegas: The Hits Get back” sprinkles some vibrant new touches across his reliable plan for offering his devoted fans all the music they enjoy. Lots of sing-alongs and standing ovations speckled the experience at Manilow’s July 20 efficiency.

After initial previews in late May, Manilow missed his sold-out grand-opening weekend in mid-June due to a bronchial infection. He’s finishing up his summer run with vigor in an effort to make up for wasted time. The very first huge audience connection comes when the lyrics to the chorus of “Cannot Smile Without You” are flashed on video screens throughout Manilow’s efficiency of the 1978 smash, as if everyone in the building does not already understand all the words. Next was some storytelling detailing his grandpa’s discovery of his musical talent and an especially effective efficiency of “This One’s For You.”

An enjoyable and ridiculous 3-D trip of New York City enables Manilow to inject some extra humor into the production, although he’s plainly comfy joking about his image and credibility between tunes. As he did throughout his newest Vegas program at the Paris Theater, Manilow slips into singing his first No. 1 hit “Mandy” by playing a clip from his breakthrough 1975 look on “The Midnight Special” musical range series. That his voice sounds similar to the method it did some 43 years earlier is not lost on his audience, which appeared when Manilow harmonized with his more youthful self to finish the performance.

The new show closes with “I Compose the Songs” and a dance-party event to “Copacabana” during which a big horseshoe staircase descends from the theater’s ceiling, enabling Manilow to obtain close to the fans in the terrace. It’s a grand moment in this grand Vegas space, likely another remarkable musical event installed in the legacy of the International Theater.

” Manilow Las Vegas: The Hits Come Home” returns at 8 p.m. July 26-28 to the International Theater at Westgate Las Vegas (3000 Paradise Roadway, 702-732-5111) and more information can be discovered at westgateresorts.com. After these shows, Manilow will resume his Vegas residency with dates in September and October.

McCarran International Airport power outage causes flight hold-ups

LAS VEGAS (FOX5) –

Power was restored at McCarran International Airport after numerous blackouts were reported Wednesday early morning, triggering flight hold-ups.

The interruption in Terminal 1 affected the TSA screening process and several lighting sources, inning accordance with public information officer Christine Crews.

Nevada Energy believed the outage stemmed from an off-site equipment issue. A cable serving the airport went down. Repair work were made and the feed was rerouted, inning accordance with an airport spokesperson. The feed was rerouted and the airport returned to complete in healing mode.

Back up power generators were utilized at the airport till the power returned.

Intermittent, small electrical disturbances were expected to happen during the resetting procedure as airports crews worked to bring back whatever 100 percent back to typical, a spokesperson said.

The blackout triggered flight delays for numerous airline companies at the airport. Southwest Airlines reported 13 canceled incoming flights.

Linda Davis’ day was simply beginning, and she was already tired.

“Ugh, I require coffee,” she groaned as she waited in an ever growing line. Davis was simply one of countless people affected by the power failure at McCarran International. At about 7:30 A.M. the power went out at terminal one.

Davis says it’s her birthday so while she’s frustrated, she was simply attempting to remain favorable.

“At least they’re passing out water, and free of charge!,” she said.

And it was an advantage they were losing consciousness water, as lines snaked throughout terminal one and outside into the 108 degree heat. Mike Bonfiglio was also impacted, and his other half was waiting in that heat.

“The lights, whatever simply blacked out,” he stated of the interruption. “Then suddenly this massive line simply started accumulating, I mean take a look at it!,” he states pointing.

McCarran officials say the blackout was triggered by a defective wire. It triggered a ground stop for some airlines, snarled TSA traffic, and totally shut down luggage claim.

“We had 90 minutes of no service baggage claim, so you can picture how many flights landed in that 90 minutes,” Christine Crews with the airport said.

Regardless of the headaches, a lot of guests appeared to be dealing well with the circumstance.

“Honestly, I am surprised but nobody appears to upset,” Linda Davis said. “I was certain with the lines, people would be furious!.”

McCarran says today they aren’t sure how many flights were affected, or how may individuals, however said the power failure is likely to have causal sequences for hours throughout several cities.

Copyright 2018 KVVU(KVVU Broadcasting Corporation). All rights reserved.

Las Vegas’ International Pizza Expo continues to grow larger each year

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Sam Morris/Las Vegas News Bureau A pizza is tended to throughout the yearly International Pizza Expo Tuesday, March 20, 2018, at the Las Vegas Convention Center.

There were around 1,500 booths large and small lining the South Hall, many of them cooking and offering samples of their doughs, sauces, cheeses, garnishes and more. Real Broaster Chicken, a provider based in Beloit, Wisconsin, maintained one of the more popular cubicles, providing an unlimited supply of crispy poultry treats to boost its credibility as the ideal pizza partner. Carrot Top, resident headliner at the Luxor, presided over a chicken wing consuming contest at the La Nova Wings cubicle on Tuesday … not that the centrally situated kiosk needed the comedian to enliven its celebration. For 3 days, dance music roared from the cubicle as a chicken mascot danced and girls in short-shorts served up boneless chicken bites in different tastes. The Pizza Expo is really Vegas. Click to enlarge photo

src=” /wp-content/uploads/2018/03/Pizza_Expo_Decker_t198.jpg “alt=” Click to increase the size of photo”/ > Brock Radke City Pizza’s Chris Decker provides his Sicilian-style pizza to the judges of the International Pizza Challenge at the 34th annual International Pizza Expo on March 21 at

the Las Vegas Convention Center. When he wasn’t leading presentations in one of four exposition arenas with bleacher-style seating, pizza champ and restaurateur Tony Gemignani– who runs two Pizza Rock locations in the Vegas Valley in addition to Little Tony’s at Palace Station– presented for pictures and signed copies of his book “The Pizza Bible” for his fellow pizza proprietors. Las Vegas’ own John Arena, who established Metro Pizza with his cousin Sam Facchini in 1980, bounced in between booths to host various demonstrations, too, coordinating with baking educator and author Peter Reinhart for one info session entitled “Why Are You Still Buying Bread?”

One new-to-Vegas chef was on hand to promote a new item scheduled to arrive in shops next month. Los Angeles food truck legend Roy Choi, who’s developing a Korean dining establishment for Park MGM this year, has actually teamed with Ken’s Foods– makers of popular salad dressings, barbecue sauces and more– to launch a line of Kogi sauces stemmed from his Kogi BBQ food truck.

Choi runs several L.A. restaurants now but his initial mobile dining idea serves a Mexican-Korean hybrid food known for huge, strong flavors. He stated he wasn’t worried about keeping that track record with his brand-new sauce cooperation. “The factor I’m not worried is what’s in the bottle. These flavors are real to Kogi,” Choi said.

There were lots of smaller sized providers at the exposition, consisting of first timers Charlito’s Cocina, a store charcuterie manufacturer from Long Island, New York City that has actually recently expanded its production capacity. “We usually do the specialized food shows so this is quite huge for us,” stated meatmaker Ben Parker, providing samples of salami picante and dry-cured black truffle sausage.

Click to enlarge photo

The pizza market is prospering and diversifying, so there wasn’t one clearly dominant trend discussed at this year’s expo, nevertheless gluten-free foodstuff are a hot topic throughout the food and beverage market and specifically in the pizza universe.

The production side of the market has actually made vast improvement in regards to gluten-free item certification however the service and dining establishment industry is in need of additional education, according to Lindsey Yeakle, quality control supervisor and food security professional with the Gluten Intolerance Group. The not-for-profit organization was formed more than 40 years back and is accountable for that little “GF” circle logo seen on lots of gluten-free food products– that’s the symbol of the group’s accreditation.

” Manufacturers have a better understanding of how technical things have to remain in their world so they’re moving in a better instructions,” Yeakle stated. “But the food service market still says and does things based upon insufficient understanding, making claims without comprehending entirely how to keep things safe.”

GIG started its certification program about 9 years earlier, when there was an obvious rise in restaurants and pizzerias putting gluten-free meals on menus. “I think everyone is a pizza fan,” Yeakle stated. “Discovering that best gluten-free pizza crust is hard since when you take the gluten away, that’s what pizza is. It’s challenging.”

Just a couple of rates away at the Antico Molina Caputo Flour booth, local pizza maker Vincent Rotolo of downtown’s Excellent Pie was cooking up a gluten-free Detroit-style pizza with a thick yet light and spongy crust and crispy cheese baked into the edge. Quite paradoxically, it was scrumptious.

Magic Johnson caps off the International Gaming Expo

Earvin “Magic” Johnson’s smile and energy are just as contagious now as they were when he was lighting up the NBA and leading the Lakers to champions. As the supreme keynote speaker for day four of the yearly International Video gaming Exposition at the Sands Exposition & & Convention Center recently, Magic wowed the crowd with recollections from his sports and business professions, providing valuable lessons from a life of success. He let the audience inside the thought procedure behind his investment firm’s undertakings into theater multiplexes, Starbucks and Sodexo, and also discussed why he’s so huge on pro-sports franchises; he’s part owner of the Los Angeles Dodgers and Los Angeles Sparks in addition to his relatively new gig as President of Basketball Operations for the Lakers.

Magic Johnson at G2E

Magic’s savvy isn’t really restricted to sports and company, and he likewise showed a lot of comprehending about how Vegas works. “I’m a big fight fan and also I like the shows, so I come and hang out here a lot. I enjoy it,” he said. “Today you have actually got some of the most incredible restaurants. That was the one thing that truly altered, when you brought in the restaurants, then also to make sure you consisted of the family. I believe it really turned things around. Now everyone can concern Las Vegas and having fun. You want them to bet, however even if they do not, they’re still having a good time.”

International Logistic Properties Accepts $11.6 Billion Buyout Deal

China-Based Investment Consortium to Obtain One of the Largest Industrial Residential or commercial property Owners on the planet with U.S. Holdings Amounting to 173 Million SF in 32 Markets

International Logistic Characteristics Ltd. (SGX: MC0), one of the biggest owners of commercial residential or commercial properties worldwide, has actually accepted a proposed take-private buyout deal from a group of financiers that consists of Ming Z. Mei, the CEO and an executive director of the firm.

The financial investment group purchasing GLP, Nesta Financial investment Holdings MidCo Ltd., is owned by a consortium including HOPU Financial investment Management, Hillhouse Capital Management, Bank of China Group Investment, real estate financial investment company China Vanke Co., and SMG, which is 21% owned by Mei.

The deal of S$ 3.38 in money per share surpassed GLP’s opening stock price before the announcement of S$ 2.72/ share. The value of the deal in United States dollars relates to $11.64 billion.

Singapore-based GLP owns about 562 million square feet of logistics facilities in 113 cities in China, Japan, Brazil and the U.S. Its U.S. holdings total 173 million square feet in 32 markets. The company is among the world’s biggest real estate fund supervisors, with possessions under management of $39 billion.

GLP stated the proposed acquisition will require approvals from investors and The High Court of Singapore. Nevertheless, the company stated its deal is not conditional on getting any antitrust approvals, consisting of from the Committee on Foreign Investment in the United States (CFIUS), or any third party approvals and fund management approvals.

The long-expected deals marks the conclusion of the process revealed in December 2016 after GLP essentially put itself up for sale at the request of the firm’s biggest investor, GIC Pte. Ltd., Singapore’s sovereign wealth fund.

Personal equity companies Warburg Pincus and The Blackstone Group were amongst the prospective buyers stated to be thinking about the firm.

In February, GLP revealed that its CEO had an interest in one of the parties that had submitted a non-binding proposal, as did Fang Fenglei, a non-executive and non-independent director. GLP said both executives had actually eliminated themselves from the company’s internal evaluation procedure.

GLP decided the proposed offer transcended due to its significant premium to historic costs, with fewer conditions to the quote and higher certainty that it would be finished within a specified timeframe.

Morrison & & Foerster is representing GLP in the proposed deal, with a cross-border group led by Singapore-based partners Eric J. Piesner and Shirin Tang.


Blackstone To Acquire Display room Area Owner International Market Centers

Funds handled by Blackstone Property Partners and Blackstone Tactical Opportunities agreed to obtain International Market Centers Inc., among the world’s biggest owner and operators of showroom space for the home furnishings, house design and gift industries.

Fireside Investments is likewise anticipated to partner with Blackstone in the acquisition from Bain Capital Private Equity and funds handled by Oaktree Capital Management.

Financial regards to the transaction have actually not been revealed.

International Market Centers, owns 12.2 million square feet of exhibit area across 14 buildings in High Point, NC, and three structures and 3 exhibit structures in Las Vegas.

“This marks an interesting time for International Market Centers,” stated Robert Maricich, CEO of IMC. “While Bain Capital and Oaktree have actually been excellent partners for the previous six years, we eagerly anticipate this new relationship and our next stage of growth.”

“By leveraging the scale of Blackstone’s platform and know-how in real estate investing, we anticipate partnering with IMC to help drive the business’s ongoing development in the years ahead,” stated Tyler Henritze, a senior handling director in Blackstone’s Realty group.

Last November, International Market Centers offered $610 million in commercial mortgage-backed securities to re-finance its senior protected financial obligation and revolving credit facility. The loan was secured by IMC’s fee and leasehold interests in 17 display room properties in 2 states, totaling 9.5 million square feet.

That part of the portfolio had actually an appraised value of $1.165 billion or about $123/square foot. If that assessment were applied to International Market Centers entire portfolio, the real estate value of today’s offer would equate to about $1.5 billion.

The CMBS loan was underwritten based upon $194 million in annual earnings and $97.86 million in net operating income.

IMC’s property is primarily utilized just twice a year to host furniture mart exhibition in Las Vegas in January and July, and in High Point in April and October. For the rest of the year, the homes function as warehouses for furnishings companies.

Allen & & Business LLC and Kirkland & & Ellis LLP acted as advisors to International Market Centers, Bain Capital and Oaktree. Simpson Thacher & & Bartlett LLP served as advisors to Blackstone and Fireside.