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All Net Resort And Arena
All Net Resort & Arena is a planned entertainment complex in Las Vegas. A project of businessman and former basketball player Jackie Robinson, the complex will encompass a resort hotel, retail and restaurant space, and a multi-purpose arena with a retractable roof. Its location is set on the Las Vegas Strip at the former site of a Wet 'n Wild waterpark, next to the Sahara Las Vegas in Winchester, Nevada. Robinson announced the project in December 2013. Designed by the Cuningham Group, it was initially planned to open in December 2016, at a cost of $1.3 billion. However, the project cost has increased several times, and the start of construction has been delayed repeatedly because of difficulty acquiring construction funds. A groundbreaking ceremony was held in October 2014, but preparation work on the site did not begin until early 2017. For the next several years, the property consisted of an excavated hole while Robinson sought financing. In October 2022, some work resumed on the ...
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Winchester, Nevada
Winchester is an unincorporated town and census-designated place (CDP) in Clark County, Nevada, United States that contains part of the Las Vegas Strip. It is one of a number of CDPs in the unincorporated urbanized area directly south of Las Vegas. The population was 36,403 at the 2020 census. It is governed by the Clark County Commission with advice from the Winchester Town Advisory Board. "Winchester, NV" does not appear in postal addresses; the United States Postal Service has assigned "Las Vegas, NV" as the place name for the ZIP codes containing Winchester. History The southern part of the Las Vegas Valley was referred to as Paradise Valley as early as 1910, owing to a high water table that made the land particularly fertile for farming. County commissioners established a Paradise school district in 1914. In 1950, mayor Ernie Cragin of Las Vegas sought to annex the Las Vegas Strip, which was unincorporated territory, in order to expand the city's tax base to fund his a ...
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MGM Mirage
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wi ...
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Vegas Golden Knights
The Vegas Golden Knights are a professional ice hockey team based in the Las Vegas metropolitan area. They compete in the National Hockey League (NHL) as a member of the Pacific Division in the Western Conference. Founded in 2017 as an expansion team, the Golden Knights are the first major sports franchise to represent Las Vegas. The team is owned by Black Knight Sports & Entertainment, a consortium led by Bill Foley and the Maloof family. Their home games are played at T-Mobile Arena on the Las Vegas Strip in Paradise, Nevada. One of the few expansion franchises to experience immediate success, the Golden Knights qualified for the Stanley Cup playoffs in their first four seasons and reached the Stanley Cup Finals in their first season. Their 13 playoff wins en route to the 2018 Stanley Cup Finals are the most for a team during their inaugural postseason run. History Background and establishment The NHL has had a presence in Las Vegas since 1991; that year, the city hos ...
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T-Mobile Arena
T-Mobile Arena is a multi-purpose indoor arena in Paradise, Nevada. Opened on April 6, 2016, it is the home arena of the Vegas Golden Knights of the National Hockey League (NHL). A joint venture between MGM Resorts International and Anschutz Entertainment Group (AEG), T-Mobile Arena is situated on the Las Vegas Strip near the New York-New York and Park MGM casino hotels. T-Mobile Arena has hosted various sports and entertainment events, with the latter including concerts, award shows, and beauty pageants. The arena has also hosted various combat sport events, including mixed martial arts (MMA), boxing, and professional wrestling. MMA promoter Ultimate Fighting Championship (UFC) signed a long-term tenancy agreement with T-Mobile Arena in 2017, under which it agreed to host four events per-year over the next seven years. History The Anschutz Entertainment Group (AEG) first tried to build an arena in Las Vegas in association with Harrah's Entertainment. In 2007, the joint vent ...
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Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country ...
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Zürich
, neighboring_municipalities = Adliswil, Dübendorf, Fällanden, Kilchberg, Maur, Oberengstringen, Opfikon, Regensdorf, Rümlang, Schlieren, Stallikon, Uitikon, Urdorf, Wallisellen, Zollikon , twintowns = Kunming, San Francisco Zürich () is the largest city in Switzerland and the capital of the canton of Zürich. It is located in north-central Switzerland, at the northwestern tip of Lake Zürich. As of January 2020, the municipality has 434,335 inhabitants, the urban area 1.315 million (2009), and the Zürich metropolitan area 1.83 million (2011). Zürich is a hub for railways, roads, and air traffic. Both Zurich Airport and Zürich's main railway station are the largest and busiest in the country. Permanently settled for over 2,000 years, Zürich was founded by the Romans, who called it '. However, early settlements have been found dating back more than 6,400 years (although this only indicates human presence in the area and not the presence of a town that early ...
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Qatar
Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. The Gulf of Bahrain, an inlet of the Persian Gulf, separates Qatar from nearby Bahrain. The capital is Doha, home to over 80% of the country's inhabitants, and the land area is mostly made up of flat, low-lying desert. Qatar has been ruled as a hereditary monarchy by the House of Thani since Mohammed bin Thani signed a treaty with the British in 1868 that recognised its separate status. Following Ottoman rule, Qatar became a British protectorate in 1916, and gained independence in 1971. The current emir is Tamim bin Hamad Al Thani, who holds nearly all executive and legislative authority under the Constituti ...
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Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also primary dealer and Forex counterparty of the Fed. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Bost ...
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Minority Business Development Agency
The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States' minority-owned businesses, including Hispanic and Latino American, Asian Pacific American, African American, and Native American businesses. The current Under Secretary is Don Cravins Jr. MBDA's stated mission is to promote the growth and competitiveness of minority-owned businesses by providing access to capital, access to contracts and access to market opportunities - both domestic and global. The main feature of the organization and its site is to provide business consulting services to minority business owners. History On March 5, 1969, President Richard Nixon issued Executive Order 11458, establishing the Office of Minority Business Enterprise. On October 13, 1971, President Nixon issued Executive Order 11625, which clarified MBDA's authority and expanded the scope of its operations. In 1979, the agency ...
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Turnberry Place
Turnberry Place is a luxury high-rise condominium complex near the Las Vegas Strip in Winchester, Nevada. It includes four, 38-story towers, each rising . The complex also includes the Stirling Club, offering various amenities to residents and other members. The project was proposed in 1998, by Turnberry Associates. Construction of the first tower began in August 1999. At the time, residential high-rises were largely non-existent in the Las Vegas Valley, and the project was considered a risky endeavor. However, upon completion of the first tower in 2001, Turnberry Place helped to inspire a condominium boom in the Las Vegas Valley. The subsequent towers were completed in 2002, 2004, and 2006. History Turnberry Place is a $650 million complex, consisting of four 38-story condominium towers, each measuring in height. The complex has a total of 720 units, averaging each. The property was once occupied in the 1960s by Thunderbird Downs, a horse racing track located behind the Thu ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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EB-5
The United States EB-5 visa, ''employment-based fifth preference category'' or ''EB-5 Immigrant Investor Visa Program'', created in 1990 by the Immigration Act of 1990, provides a method for eligible immigrant investors to become lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a business in the United States that will employ at least 10 American workers. Based on the EB‐5 Reform and Integrity Act of 2022, which was signed into law on March 15, 2022, the minimum investment requirement to qualify under the EB-5 program is $1,050,000. The investment requirement is reduced to $800,000, however, if the investment is made in a qualifying infrastructure project or targeted employment area (TEA). Most immigrant investors who use the EB-5 program invest in a targeted employment area (TEA)—a rural area or area with high unemployment rate in order to invest less capital. The EB-5 program is intended to encourage both ...
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