Europe’s tradition wants rebound after large pandemic hit | Arts & Leisure

BRUSSELS (AP) – Cultural institutions in the European Union lost up to four-fifths of revenue and visitor numbers when the COVID-19 pandemic devastated the continent and now need all the financial support they can get to restore their prestige, said the block on Tuesday.

The latest EU figures show that museums in popular tourist regions have lost up to 80% of their income in the past year. Movie theaters saw box office sales decrease by 70%, while attendance at music concerts and festivals decreased by 76%, resulting in a 64% decrease in sales.

“Everyone has lost here and we have to revive the sector,” said EU Commission Vice-President Margaritis Schinas.

And from summer music festivals that attract tens of thousands to small museums that display historical gems on a tight budget, everyone has been hurt. Cultural considerations aside, such institutions are often the driving force behind the European tourism industry on which so many of the 27 Member States depend for income and employment.

And with the bloc recovering from the worst recession in history, Schinas insisted that the culture should not be left behind.

“It’s part of our European DNA,” said Schinas. “In order for Europe to regain its status as a global cultural power, the industry needs coordinated, tailor-made efforts across Europe so that it can reopen safely but also sustainably.”

He said it was key that member states give arts and culture plenty of room in their applications for reconstruction funds from the EU if the bloc can go to the open market for grants and loans to ensure nations get away from the economic Setback can recover.

Typically, tourist-dependent countries like Italy and Spain invest direct investments to promote museums. In total, the pandemic-specific recovery funds amount to around 675 billion euros that can be tapped.

“It is imperative that our member states make an effort to include these sectors as important elements for recovery in the national reconstruction and resistance funds,” said Schinas.

He insisted that the EU itself increased support to the sector by € 4.5 billion over the next six years.

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Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed in any way without permission.

International cash market funds lure huge inflows within the week to June 2-Lipper

A specialist trader watches his chart as he works on the floor of the New York Stock Exchange on July 8, 2014. REUTERS / Brendan McDermid / File Photo

Global money market funds attracted large investment flows for the week leading up to June 2 as investors were cautious about the likelihood that global central banks would scale back monetary stimulus policies in the face of a surge in inflation.

Money market funds saw net purchases of $ 20.5 billion, according to Refinitiv data, for the fourth straight week in inflows.

Investors have also been vigilant ahead of the US jobs data expected on Friday after any hint of the Fed’s policy plans over the coming weeks and months.

US data released last week showed that a measure of underlying inflation used by the Fed for its 2% target rose 3.1% year-over-year in April, the sharpest increase since July 1992. Continue reading

Meanwhile, global equity funds received net inflows of $ 8 billion, down 23% from the previous week, despite a rally in global stocks (.MIWD00000PUS) , which hit a record high this week.

The healthcare sector faced $ 666 million outflows, the largest in 12 weeks, while technology funds saw $ 117 million in inflows, down 75% from last week.

However, financial sector funds attracted $ 2.2 billion in inflows, the largest in nine weeks.

Meanwhile, global bond funds received $ 15.8 billion, the highest amount in four weeks, helped by higher inflows into lower maturity bonds.

Among the commodity funds, precious metals funds saw an inflow of $ 35 million, their lowest level in four weeks. On the other hand, energy funds have suffered an outflow of $ 115 million.

Analysis of 23,757 emerging market funds found that equity funds received $ 2.56 billion in inflows, the highest in 11 weeks, while bond funds received $ 1.6 billion.

Our standards: The Thomson Reuters Trust Principles.

AMC brief sellers dealt large $1.2 billion blow after inventory rally

Street performers in Minnie Mouse costumes walk past an AMC movie theater in New York’s Times Square at night on October 15, 2020.

Amir Hamja | Bloomberg | Getty Images

Investors shorting Meme stock AMC Entertainment According to data from S3 Partners, shares have lost an estimated $ 1.23 billion over the past week as stocks are up more than 116% since Monday.

The rally cooled off late Friday after AMC stock surged up to 38% during early morning trading. The stock closed at $ 26.12 per share on Friday, down from $ 13.68 on Monday. At its peak, the stock hit $ 36.72 per share.

AMC was by far the most active stock on the New York Stock Exchange on Friday as more than 650 million shares changed hands. According to FactSet, the average trading volume after 30 days is just over 100 million shares.

With 450 million shares outstanding, the entire company changed hands nearly 1.5 times during Friday’s trading.

So-called short coverage could add to AMC’s massive rally this week. The company has shorted about 20% of its outstanding shares, compared to an average of 5% short on a typical US stock, S3 Partners said.

When a sharply shortened stock bounces up quickly, short sellers are forced to buy back borrowed stocks to close their short position and reduce losses. The forced buy tends to drive the rally even further.

AMC’s new private investors standing by 3.2 million strongAMC owned approximately 80% of the company’s 450 million shares outstanding as of March 11, earlier this month. Their efforts, which soared in January, raised the stock from $ 5 to $ 20 per share and allowed it AMC is expected to reduce its debt burden by around $ 600 million.

The retail investor agenda was to keep AMC alive and hold onto the hedge funds, an analyst told CNBC.

AMC’s stock has risen more than 1,100% since January has defied the predictions of Wall Street analysts. AMC’s business was extremely strained. The company has approximately $ 5 billion in debt and has had to postpone repayments on lease contracts of $ 450 million as its ongoing operations largely dried up Coronavirus pandemic. The cinemas were closed for several months to stop the virus from spreading. When the company reopened its doors, few consumers were comfortable attending film screenings and film studios withheld new releases.

While The cinema business is recoveringAMC is still facing strong headwinds. Although the company ended the first quarter with $ 1 billion in liquidity, the highest in its 100-year history, that money will only keep it afloat until 2022 unless audiences come back in droves for months without offsetting revenue.

While early box office revenues are promising, fundamental elements of the cinema business have changed over the past year, including theater capacity, joint release dates with streaming services, and the number of days that movies are shown in theaters.

“Anything that matters long-term here will never make money again for this company,” said Rich Greenfield, co-founder of LightShed Partners, on Friday morning at CNBC.Squawk box. “” They will never generate cash with their current capital structure. It was trading at 7 times pre-pandemic EBITDA. It is currently trading at 25 times EBITDA and is in a worse position today with the changed industry. This just goes against all logic. “

On the last day of 2019, AMC had a market value of $ 751.87 million. On Friday, that figure was around $ 11.9 billion, according to FactSet.

– CNBCs Yun Li contributed to this report.

AMC Leisure Backtracks on Large 500 Million Share Dilution Plan

AMC Entertainment Holdings ((NYSE: AMC) will not water down investors after all. The cinema operator has reportedly abandoned plans to flood the market with 500 million new shares. Instead, only 43 million new shares will be sold.

Chairman and CEO Adam Aron told CNBC’s Jim Cramer last week that the company would be able to double the number of theater shares replenish his bank accounts at a time when the stock was still trading at an elevated level. The massive dilution that would result from the inflow of stocks was the unfortunate but necessary collateral damage to give AMC a stable financial footing.

However, analysts and shareholders were not happy with the plan, and the theater chain’s board of directors subsequently suppressed the idea, but also said it reserved the right to re-examine it in the future.

Image source: Getty Images.

With the new, smaller at-the-money stock offering, AMC could still generate gross proceeds of around $ 500 million at current stock prices. The theater operator said the proceeds will be used for general corporate purposes, including working capital. Repaying, refinancing, repaying or buying back existing debt; Investment; or other investments.

AMC also released a preliminary run-up of its first quarter results, forecasting revenue of $ 148 million compared to $ 941.5 million a year earlier. Adjusted losses ranged from $ 295 million to $ 302 million compared to a profit of $ 3.1 million last year.

That’s better than the expected loss analysts of $ 515 million, though it fell short of their revenue projections, which came in at a consensus average of $ 158.4 million.

This article represents the opinion of the author who may disagree with the “official” referral position of a Motley Fool Premium Consulting Service. We are colorful! Questioning an investment thesis – including one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

Watch: Here is a sneak peek at Round1, Park Metropolis’s latest huge leisure venue [video] | What’s in retailer

Round1, a huge new entertainment center in Park City Center, opens on Saturday.

We visited Round1 the day before it opened to get a glimpse of everything the venue has to offer.

Check out the livestream below.

Round1 is a bowling and entertainment complex with arcade games and table tennis, plus batting cages, basketball courts, and private karaoke rooms. It also has a restaurant with a menu of pizza, burgers, and wings, and is seeking a liquor license.

Round1 is located on the first floor of the former Sears, which opened in 1972 as one of Park City’s anchor stores.

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2021 Gamers Championship purse, prize cash: Payouts for every golfer from huge $15 million pool

Justin Thomas earned the equivalent of a solid 40-year career for most people on Sunday by taking home the 2021 Players Championship. The largest prize pool in golf was there again this year. The TPC Sawgrass champion received a staggering $ 2.7 million.

In some ways, it’s about what Johnny Miller has done throughout his career.

This year’s top 45 finishers all cleared $ 50,000, and those who made the cut were guaranteed $ 30,000. While the big championships have gotten into the waters to pay the winner $ 2 million or more, no tournament up and down pays off better than The Players.

This wallet is the same as the 2020 edition which never paid out because the tournament didn’t complete. It dwarfs every other prize pool in the game. The US Open is closest at $ 12.5 million. For example, the Arnold Palmer Invitational last week totaled $ 9.3 million.

It is sure to be a week to make your unique choices wisely! Here you can see the payouts for all 65 golfers.

1. $ 2.7 million – Justin Thomas
2. $ 1,635,000
3. $ 1,035,000
Fourth, $ 735,000
5. 615,000 US dollars
6. 543,750 USD
7. $ 506,250
8. $ 468,750
9. $ 438,750
10.408,750 USD
11,378,750 USD
$ 12,348,750
13: 318,750 USD
14. 288,750 USD
15,273,750 USD
16. 258,750 USD
17,243,750 USD
$ 18.28,750
19. $ 213,750
20. $ 198,750
21: 183,750 USD
22nd $ 168,750
23: 156,750 USD
24. $ 144,750
25 $ 132,750
26. USD 120,750
27. $ 116,250
28. $ 111,750
29. $ 107,250
30. $ 102,750
31: 98,250 USD
32 .: 93,750 USD
33 .: 89,250 USD
34 .: 85,500 USD
35.81,750 USD
$ 36.78,000
37 .: $ 74,250
38 .: 71,250 USD
39 .: 68,250 USD
40. $ 65,250
41. $ 62,250
42: 59,250 USD
43. $ 56,250
44. $ 52,250
45 .: 50,250 USD
46 .: 47,250 USD
47 .: 44,250 USD
48: 41,850 USD
49: 39,750 USD
50. $ 38,550
51. $ 37,650
52. $ 36,750
53 .: $ 36,150
54 .: 35,550 USD
55.: 35,250 USD
56 .: $ 34,950
57 .: 34,650 USD
58 .: 34,350 USD
59 .: $ 34,050
60 .: 33,750 USD
61st: $ 33,450
62 .: $ 33,150
63 .: $ 32,850
64 .: 32,550 USD
65. $ 32,250

Illinois turns into first state to finish cash bail as a part of large prison justice reform regulation

CHICAGO – Illinois paved the way for a major overhaul of its criminal justice system after Governor JB Pritzker passed new law that not only introduces major police reforms, but also makes the state the first in the nation to completely abolish bail.

House bill 3653The project, which has existed for several years, aims to fundamentally change the state’s existing policy in relation to policing and justice.

The legislation, which was signed on Monday, comes at a critical time as nationwide calls to tackle racial prejudice in the judicial system have increased following the assassination of George Floyd in police custody in Minneapolis in May, Pritzker said after the law was signed.

“This legislation is an essential step in reducing the systemic racism that plagues our communities, our state and our nation, and brings us closer to real security, fairness and justice,” he said. “All of this was fueled by the experiences of those who lived with police brutality and discrimination during this terrible year amid a brutal virus pandemic that disproportionately injured blacks and browns.”

The expansive bill came about through a massive mobilization of more than 100 grassroots reform organizations as well as the Illinois Legislative Black Caucus, which passed the bill through state legislature last month.

“History will judge how we responded at that moment, which required great, bold, and transformative changes,” said Democratic State Senator Elgie R. Sims Jr., who sponsored the bill. “This is not a moment of incrementalism, but a moment when we need to think about what public safety is like in this great state.”

One of the most notable facets of the law is that Abolition of the cash bail system under the Illinois Pretrial Fairness Act, which is part of HB 3653. The new law removes property-based incarceration and instead gives judges a more rigorous decision-making process based on a real risk of present threat or willful escape. This is slowly being rolled out as part of a two-year plan and will not come into full effect until 2023, while other parts of the law will come into effect as early as July.

The new system “increases law enforcement accountability and transparency, modernizes our bail and conviction systems, and provides better protection and more humane treatment for those arrested and charged with crime,” said Sims.

The law also covers some of most extensive police reformsThese include a requirement that all police officers wear body cameras by 2025, a ban on all law enforcement agencies, new guidelines for “decertifying” police officers, and nationwide standards and services for civil servants to receive regular confidential examinations and mental health assistance.

HB 3653 also prohibits police authorities from buying certain military equipment such as firearms and ammunition of .50 caliber or higher and armored vehicles.

Detainees’ rights have also been expanded to include three free phone calls within three hours of arriving at the police station and prior to the interview, as well as accessing the phone numbers on their cellphone’s contact list before inserting their inventory.

However, several law enforcement agencies and lawmakers opposed the legislation, arguing that the new law will not only do civil servants a disservice, but also harm public safety.

“The bill unfairly targets officials and seeks to punish them, not just hold them accountable,” said Ed Wojcicki, executive director of the Illinois Association of Chiefs of Police, in one Explanation. “The public will learn more about these shortcomings when they see for themselves that the law removes the reasonable tools required by the police, prosecutors and the courts.”

The sentiment was vindicated by several Republican lawmakers, who said the bill was hastily rushed through a lame duck session.

“This 700-page proposal was rammed through in the middle of the night with only a few hours left in a lame duck meeting, without the transparency and discourse expected in a democratic process,” Senator John Curran said in a statement the Chicago Tribune.

Illinois Republican Party leader Don Tracy said the bill “deliberately undermines public safety – endangering citizens, encouraging criminals and making Illinois less safe for families.” WMAQ-NBC Chicago reported.

Despite the opposition, several community groups who worked on the bill say the bill culminated over several years and was a long time coming for the state’s color communities.

“The collective bill was developed in response to protests against Black Lives Matter that erupted in every corner of Illinois and across the country last summer following the police murders of George Floyd and Breonna Taylor,” the coalition to end Money Bond that strong the bill was involved for several years, said in one Explanation.

“The legislators saw the unprecedented protests as a mandate to fundamentally change the state’s criminal justice system. In signing this transformative piece of legislation, Governor Pritzker and the Illinois legislature took a bold step to advance racial justice in Illinois and to work with the millions of people who have taken to the streets to support the Black Lives Matter movement. “

Turning large snowstorm right into a cash making alternative

TOLEDO, Ohio (WTVG) – All that white on the ground means green to some people who went to work when the snow fell. Some on a large scale, others with smaller operations.

This week there has been no shortage of snow to plow or shovel and the entrepreneurs in this community got to work.

Dominic Kline was digging job number five when we found him. It’s a day off from school but a full day of work.

“My arms hurt sometimes,” said Kline.

Aside from the pain, he digs himself in to make some money. Something he’s done several times now.

“I found a shovel on the side of the road and decided to find a place to shovel over the winter so I could make some money and help people,” Kline said.

Justyce Luna and Bomyea’s grass and snow removal teams held on to the truck to remove snow from a shopping mall parking lot on Monroe Street. They weren’t sure we’d get the big storm, but we got one for the record books.

“Oh yeah, it always feels good to make money,” Luna said.

The same plan for Randy Burns and his team that has been unavailable since Monday night.

“It’s a bit too busy,” said Burns.

There was a lot to do with Burns and his team working on several large properties across the region.

“It’s too much. I don’t know how much we got, but there’s about a foot in the parking lots,” said Burns.

Tyasia Allen did some of her best work on the sidewalk outside her Toledo home and found the fun in it.

“It’s like a little family bond,” said Allen.

But did it make her some money from mom?

“I’ll give her about $ 10. We’re just having a little fun, ”said Latoya Crittenden, Allen’s mother.

Unfortunately, it wasn’t just about the money. Davonta McQuin did it for free, digging through the snowpack for a very simple reason.

“Because I thought it was fun. I just wanted to shovel, ”said McQuin.

Copyright 2021 WTVG. All rights reserved.

Large sports-entertainment mission, Phoenix Rising soccer stadium, resort growth to spice up Wild Horse Move

Ein 11-stöckiger Turm erhebt sich im Wild Horse Pass Hotel. Das erweiterte Hotel, ein neues Stadion für die Fußballmannschaft von Phoenix Rising und eine riesige Sport- und Unterhaltungsentwicklung von 300 Hektar werden neue Einnahmequellen für die Gila River Indian Community und Arbeitsplätze für GRIC und das nahe gelegene West Chandler and Tempe schaffen. –Wrangler News Foto von Lee Shappell

West Chandler und Tempe stehen vor einem großen Zustrom von Sport-, Unterhaltungs- und Erholungsmöglichkeiten sowie Beschäftigungsmöglichkeiten mit der Ankündigung massiver Projekte, die eine Miniaturstadt am Wild Horse Pass am Gila River Indianerreservat schaffen werden.

Kommen Sie zum Wild Horse Pass, südwestlich des Autobahnkreuzes Interstate 10 / Loop 202 in West Chandler:

  • Ein 11-stöckiger zweiter Hotelturm im Wild Horse Pass Hotel, der die Kapazität auf 447 Zimmer fast verdoppelt.
  • Eine 300 Hektar große kommerzielle Kleinstadtentwicklung, die von einem Veranstaltungszentrum und einem Konzertamphitheater geleitet wird und über ein Jahrzehnt hinaus eingeführt wird. Der Plan umfasst fünf weitere Hotels, einen Themenpark, einen Wasserpark, einen Timesharing-Komplex, einen dritten Golfplatz, ein stark erweitertes Reitzentrum, Villen, Einzelhandels- und Büroflächen.
  • Die Interstate 10 wird auf vier Fahrspuren erweitert, plus eine Fahrspur für Fahrzeuge mit hoher Belegung in jede Richtung von der Interstate 17 in der Nähe der Innenstadt von Phoenix bis zur Schleife 202 vor der Haustür des Wild Horse Pass. Eine Studie hat auch begonnen, die Autobahn auf drei Fahrspuren nach Süden zur State Route 387 in Casa Grande zu erweitern, der letzten 26-Meilen-Strecke der zweispurigen Autobahn zwischen Phoenix und Tucson, um den Zugang zum Wild Horse Pass von zentral und südlich zu erleichtern Arizona. Dies geschieht etwas mehr als ein Jahr nach der Eröffnung des Loop 202-Segments, das die I-10 in West Chandler mit der I-10 in West Phoenix verbindet, wodurch die Fahrt für die Bewohner des West Valley schneller und einfacher wird.
  • Und eine Fußballmannschaft von Meisterschaftskaliber in einem neuen Stadion mit 10.000 Sitzplätzen, als der Phoenix Rising Football Club im März in das Reservat umzieht.

Eine Darstellung des umgebauten Wild Horse Pass Casino.

Die Projekte werden der Gila River Indian Community neue Einnahmequellen bieten und in den nächsten 10 Jahren Tausende von Arbeitsplätzen beim Aufbau schaffen.

“Der neue Entwicklungsplan wird außergewöhnliche Unterhaltungs- und Lifestyle-Erlebnisse schaffen, neue Arbeitsplätze für Community-Mitglieder schaffen und unsere Kultur und unser Erbe weiterentwickeln”, sagte David White, General Manager der Wild Horse Pass Development Authority.

Eine Darstellung des Fußballstadions mit 10.000 Sitzplätzen des Phoenix Rising FC, das auf allen vier Seiten erweitert werden kann, und des Trainingskomplexes am Wild Horse Pass.

Die neue Entwicklung wird ein bereits lebhaftes Wild Horse Pass-Gebiet bereichern, das zwei High-End-Resorthotels umfasst – das Gila River Hotel & Casino und das Sheraton Grand am Wild Horse Pass, das Aji Spa, das Einkaufszentrum Phoenix Premium Outlets, den Wild Horse Pass Motorsports Park und den See. Bondurant Hochleistungsfahrschule, Rawhide Western Town & Event Center, Whirlwind Golf Club, Huhugam Heritage Center und KOLI Equestrian Center.

Das Ziel beim Ausbau ist es, den Wild Horse Pass zum wichtigsten Ziel für Sport, Unterhaltung und Erholung in Arizona zu machen.

Stadion, Trainingskomplex für Phoenix Rising

Pünktlich zur Eröffnung der United Soccer League am 1. Mai wird für den Phoenix Rising Football Club ein Stadion mit 10.000 Sitzplätzen und großem zweiseitigem Videoboard am Wild Horse Pass bereitstehen. –Phoenix Rising FC-Rendering

Der Fußballkomplex wird der erste sein, der im März pünktlich zum Training in der Vorsaison von Phoenix Rising FC und zur Eröffnung der United Soccer League am 1. Mai eröffnet wird.

Der Club spielte in den letzten vier Jahren im Casino Arizona Field mit 6.200 Sitzplätzen nordöstlich des Autobahnkreuzes Loop 101 / Loop 202 in der Nähe von Scottsdale. Das Team war vor COVID-19 23 Spiele in Folge ausverkauft und baute auf den Tribünen eine lautstarke, treue Fangemeinde und ein erfolgreiches Produkt auf dem Feld auf. The Rising erreichte das USL-Meisterschaftsspiel 2020, aber die Pandemie erzwang die Absage des Spiels.

Die Anlage war nicht fanfreundlich.

Die Rising und die Gila River Indian Community werden sich die Kosten für das noch nicht genannte Stadion mit 10.000 Sitzplätzen teilen, das erweiterbar ist und den Plan des Clubs beschleunigen könnte, sich zu einem Major League Soccer-Franchise zu entwickeln. Die Teambeamten sagten, sie würden versuchen, MLS-Vorsaison-Spiele für das neue Stadion zu gewinnen.

Spieler und Mitarbeiter des Front Office von Phoenix Rising FC erhalten einen ersten Einblick in die Übungsfelder in ihrer neuen Trainingsanlage am Wild Horse Pass. –Phoenix Rising FC Foto

“Diese Partnerschaft mit der Gila River Indian Community ermöglichte es uns, unsere Kapazitäten schnell zu erweitern, unser Fanerlebnis zu verbessern, was für unsere Organisation äußerst wichtig ist, und langfristig aufregende Dinge zu ermöglichen”, sagte Bobby Dulle, General Manager von Rising. „Also hat es viele Kästchen für uns überprüft. Wir hatten großartige vier Jahre, in denen wir waren, aber dies ist nur eine Gelegenheit für uns, die sehr viel Sinn machte. “

Die Übungsfelder sind fertig. Die Arbeiten am Stadion schreiten voran.

“Alles passiert gerade in und um die Anlage in einem unglaublichen Tempo”, sagte Dulle.

Fans werden mehrere Verbesserungen gegenüber der vorherigen Einrichtung des Risings bemerken, darunter einen schnelleren Ein- und Ausstieg mit mehr Zugangspunkten, asphaltierten Straßen und Parkplätzen, eine große zweiseitige Videotafel, verbesserte VIP-Luxusbestuhlung und einen neuen familienfreundlichen Bereich für den allgemeinen Eintritt gegenüber dem lebhafte Los Bandidos- und Red Fury-Fangruppen, größerer Pressekasten, verbessertes Soundsystem, neue Umkleideräume und permanente Toiletten mit Sanitäranlagen.

“Wir haben Porta Johns benutzt”, sagte Dulle. „Unsere Fans, unsere Partner und unsere Premium-Gäste werden alle von ihrer Erfahrung in diesem Jahr begeistert sein. Einige Premium-Sitzplätze werden geschlossen und klimatisiert, andere im Freien. Was wir gefunden haben, und das ist eine einzigartige Sache beim Fußball, sind die Fans, die stehen und singen und singen, wenn wir Tore schießen und auf ihre Trommeln schlagen. Das ist der Klang von Fußball. Die Menschen bevorzugen es, draußen zu sein und die Energie der Menge und der Umgebung zu spüren, und es ist eine fantastische Erfahrung. Wir werden 10.000 Zuschauer haben, aber wir werden immer noch ein intimes Gefühl haben und das motiviert unsere Spieler. “

Der 2. Turm im Wild Horse Pass Hotel wird diesen Herbst eröffnet

Ein zweiter 11-stöckiger Turm (rechts), der das Inventar der Zimmer im Wild Horse Pass Hotel & Casino fast verdoppelt, soll diesen Herbst eröffnet werden. –Wild Horse Pass Hotel & Casino-Renderings

Bei der ersten Erweiterung des Wild Horse Pass Hotel & Casino seit seiner Eröffnung im Jahr 2009 am 5040 Wild Horse Pass Blvd. ist der Aufbau eines 11-stöckigen zweiten Turms nahezu abgeschlossen.

Es werden 205 Gästezimmer hinzugefügt, darunter 37 Suiten – zwei davon 1.500 Quadratmeter große Platinum-Suiten – und der Lagerbestand des Hotels auf 447 Zimmer erhöht. Der neue Turm wird über ein Restaurant auf dem Dach verfügen, das einen Speisesaal mit Blick auf den Sonnenuntergang über den Estrella-Bergen bietet. Eine Bar und eine Lounge befinden sich im zweiten Stock.

Eine Darstellung der Lobby des neuen Turms im Wild Horse Pass Hotel & Casino.

Zwei neue Swimmingpools, darunter ein Erwachsenenpool für Gäste ab 21 Jahren und der Oasis-Pool mit Whirlpools, Cabanas sowie einer Bar und einem Grill, sind im 143-Millionen-Dollar-Projekt enthalten.

“Diese Erweiterung unterstützt unsere Vision, Wild Horse Pass, GRIC und dem Großraum Phoenix zusätzliche wirtschaftliche Entwicklungsmöglichkeiten zu bieten”, sagte Donald Antone, Vorsitzender des Board of Directors der Wild Horse Pass Development Authority.

Eine Darstellung des Innenraums des neuen Turms im Wild Horse Pass Hotel.

Das Casino und das Kongresszentrum werden ebenfalls verbessert. Neue Farben, neue Teppiche, neue Beleuchtung und ein 80 mal 12 Fuß großer LED-Bildschirm sind Teil des Casino-Upgrades. Das Kongresszentrum erhält zusätzliche 18.000 Quadratmeter im Innenbereich und zusätzliche 4.000 Quadratmeter im Freien.

“Diese Erweiterung ist eine bedeutende Investition in die Gila River Indian Community und ein Symbol für ein neues Kapitel in unserer Geschichte”, sagte Kenneth Manuel, CEO von Gila River Hotels & Casinos. “Es spiegelt unser Engagement wider, durch verbesserte Erfahrungen und Annehmlichkeiten führend in der Spiele- und Gastgewerbebranche zu sein, und wir freuen uns darauf, die Kultur unserer Gemeinde im Expansionsprojekt weiterhin zu vertreten.”

Massive Entwicklung entlang der I-10, Schleife 202

In den nächsten 10 Jahren soll am Wild Horse Pass eine 300 Hektar große Ministadt mit Schwerpunkt auf Sport, Unterhaltung und Erholung errichtet werden. –Wild Horse Pass Development Authority-Grafik

In diesem Monat hat die Wild Horse Pass Development Authority Sunbelt Holdings mit Sitz in Scottsdale ausgewählt, um die kommerzielle Entwicklung von 3.300 Acres am Wild Horse Pass südlich und westlich des Hotels, Casinos und Outlet-Centers entlang der I-10 und der Loop 202 zu leiten.

“Wir sind dankbar, ausgewählt worden zu sein, um zu einem entscheidenden Zeitpunkt für die Entwicklung eine Partnerschaft mit der Wild Horse Pass Development Authority und der Gila River Indian Community einzugehen”, sagte John Graham, Vorsitzender und CEO von Sunbelt Holdings. “Wir setzen uns dafür ein, das Erbe und die Kultur der Gemeinschaft zu würdigen und ein Ortsgefühl zu schaffen, das den Weg für die Zukunft ebnet.”

Zu Sunbelt’s Immobilienentwicklungsportfolio im Tal gehören Marina Heights am Tempe Town Lake und der Forschungspark der Arizona State University in South Tempe.

Der Umfang dieses Projekts geht über diese beiden Entwicklungen hinaus.

Der Wild Horse Pass-Masterplan wurde vom Projektteam von CallisonRTKL, Kimley Horn und Elliott D. Pollack & Company entwickelt.

Sunbelt Holdings wird die vom Master geplanten Entwicklungsbemühungen leiten und Asset Management-, Baumanagement- und Marketingdienstleistungen für den Masterplan erbringen.

“Die nachgewiesene Expertise und der Ruf von Sunbelt Holdings bei der Entwicklung von Masterplänen, ihr Blue-Ribbon-Portfolio und ihre tief verwurzelten Community-Verbindungen haben sie zum idealen Partner für dieses Expansionsprojekt gemacht”, sagte White, der General Manager von WHPDA.

Zwei I-10-Erweiterungsprojekte stehen an

Das dreijährige I-10 Broadway Curve-Projekt, mit dem die Autobahn auf vier Fahrspuren sowie eine HOV-Fahrspur von der Innenstadt von Phoenix zum Wild Horse Pass erweitert wird, beginnt in diesem Sommer. –ADOT-Grafik

Gerade als die Fertigstellung von Loop 202 den Zugang zum Wild Horse Pass vom West Valley aus eröffnete, dauerte die dreijährige Laufzeit I-10 Broadway-Kurvenprojekt, das diesen Sommer von der Interstate 17 in der Nähe der Innenstadt von Phoenix nach Süden bis zur Schleife 202 beginnen soll, wird den Zugang vom Stadtzentrum und vom North Valley aus verbessern.

Das Projekt wird eine zusätzliche Fahrspur in jede Richtung und einen neuen Verkehrsknotenpunkt an der State Route 143 hinzufügen, um die Verbindung zum internationalen Flughafen Phoenix Sky Harbor zu verbessern.

Die Erweiterung der I-10 nach Süden bis zur Casa Grande wird noch weiter fortgeschritten sein, aber das Verkehrsministerium von Arizona hat in Zusammenarbeit mit der Gila River Indian Community, dem Bureau of Indian Affairs, der Federal Highway Administration und der Maricopa Association of Governments eine Studie begonnen ein Ziel der Reduzierung von Verkehrsstaus auf der Autobahn an der Ausfahrt Wild Horse Pass.

Die Studie zum I-10 Wild Horse Pass Corridor enthält einen Blick auf die Verbreiterung der Autobahn auf drei Fahrspuren bis zur Casa Grande. –ADOT-Grafik

Diese Studie beinhaltet, ob die Fahrspur für Fahrzeuge mit hoher Belegung auf der I-10 südlich von Loop 202 bis zum Autobahnkreuz Riggs Road erweitert werden soll, sowie Verbesserungsmöglichkeiten für bestehende Abzweigungen und Straßen, die die I-10 entlang dieses Korridors überqueren.

Die Städte Casa Grande, Coolidge und Florence im Pinal County wachsen rasant.

Fußball ist besonders in Tucson und Casa Grande beliebt.

Die I-10-Brücken über den Fluss Gila sind Teil eines separaten Projekts.

Aktualisierungen finden Sie auf der Website der Studie. i10Wild

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3 ‘Strong Buy’ stocks with an 8% dividend yield

Let’s talk about portfolio defense. After manipulating the Social Flash Mob Market for the past week, this topic should not be ignored. That doesn’t mean the markets will collapse. After falling 2% at the close of last week’s Friday session, this week’s trading started on a positive tone as the S&P 500 rose 1.5% and the Nasdaq rose 2.5%. The underlying bullish factors – a more stable political scene that steadily drives COVID vaccination programs – still play a role, even if not quite as strong as investors had hoped. While heightened volatility might linger with us for a while, it’s time to consider defensive stocks. And that will bring us to dividends. By providing a steady stream of income regardless of market conditions, a reliable dividend stock provides a pad for your investment portfolio when the stock ceases to appreciate. With that in mind, we used the TipRanks database to get three dividend stocks that yield 8%. However, that’s not all they offer. Each of these stocks received enough street praise to earn a consensus rating of “Strong Buy”. New Residential Investment (NRZ) First we examine the REIT sector, Real Estate Investment Trusts. These companies have long been known for dividends that are both high-yielding and reliable. Due to the company’s tax compliance, REITs are required to return a certain percentage of profits directly to shareholders. NRZ, a medium-sized company with a market capitalization of $ 3.9 billion, has a diverse portfolio of residential mortgages, original loans and mortgage loan service rights. The company is based in New York City. NRZ has a $ 20 billion investment portfolio that has generated dividends of $ 3.4 billion since its inception. The portfolio has proven resilient in the face of the corona crisis, and after a difficult first quarter last year, NRZ posted rising gains in the second and third quarters. The most recently reported third quarter showed GAAP earnings of $ 77 million, or 19 cents per share. This EPS was lower than in the previous year, but a strong trend reversal compared to the 21-cent loss reported in the previous quarter. The rising income has enabled NRZ to raise the dividend. The Q3 payment was 15 cents per common share; The dividend for the fourth quarter was increased to 20 cents per common share. At this rate, the dividend annualizes to 80 cents, making an impressive 8.5%. In a further move to return profits to investors, the company announced in November that it had approved $ 100 million in share buybacks. BTIG analyst Eric Hagen is impressed with New Residential – especially the company’s solid balance sheet and liquidity. “[We] like the ability to potentially build capital through retained earnings while maintaining a competitive payout. We believe the dividend increase will underscore the company’s liquidity position. We believe NRZ has been able to release capital because it has raised approximately $ 1 billion in securitized debt for its MSR portfolio through two separate transactions since September, ”said Hagen. In line with his comments, Hagen rates NRZ with a buy and its target price of $ 11 implies an upward movement of 17% for the coming year. (To see Hagen’s track record, click here.) It’s not often that all analysts agree on a stock. When this happens, take note of it. NRZ’s consensus rating for strong buy is based on unanimous 7 purchases. The stock’s average target price of $ 11.25 indicates an upward movement of ~ 20% from the current stock price of $ 9.44. (See NRZ stock analysis on TipRanks) Saratoga Investment Corporation (SAR) With the next stock we switch to the investment management area. Saratoga specializes in mid-market debt, capital appreciation and equity, with over $ 546 million in assets under management. Saratoga’s portfolio is broad, including industry, software, waste disposal and home security. Saratoga has seen a slow but steady recovery from the corona crisis. The company’s sales declined in the first quarter of 20 and have grown slowly since then. The third quarter fiscal year report released in early January contained $ 14.3 million. Adjusted for pre-tax taxes, Saratoga’s net investment income of 50 cents per share exceeded the 47-cents forecast by 6%. They say the race is slowly and steadily winning, and Saratoga has shown investors a generally stable hand over the past year. The stock has rallied 163% from its low after the corona last March. And the dividend, which the company cut in the second quarter, has increased twice since then. The current dividend of 42 cents per common share was declared for payment on February 10 last month. The annualized payment of $ 1.68 gives a return of 8.1%. The analyst Mickey Schleien from Ladenburg Thalmann is optimistic about Saratoga and writes: “We believe that the SAR portfolio is relatively defensive and focuses on software, IT services, education services and the CLO. SAR’s CLO remains up-to-date and the company is seeking refinancing / appreciation that we believe could positively affect our outlook. “The analyst continued,” Our model assumes that SAR will use cash and SBA debt to fund net portfolio growth. We believe the Board of Directors will continue to increase the dividend given the performance of the portfolio, the existence of undistributed taxable income and the economic benefits of the Covid-19 immunization program. “To this end, Schleien rates SAR a Buy along with a price target of USD 25. This number implies an upward trend of 20% from the current level. (To see Schleien’s track record, click here.) Wall Street analysts approve of Schleien on this stock. The other three registered ratings are buys and the analysts’ consensus rating is a strong buy. Saratoga’s shares trade for $ 20.87 with an average price target of $ 25.50, indicating an upward movement of 22% over the next 12 months. (See SAR stock analysis on TipRanks) Hercules Capital (HTGC) Last but not least, Hercules Capital is a venture capital company. Hercules provides early stage funding support to small client businesses with a scientific background. Hercules customers are life sciences, technology, and financial SaaS. Since its inception in 2003, Hercules has invested over $ 11 billion in more than 500 companies. The quality of the Hercules portfolio is evident from the company’s recent performance. The stock has fully rebounded from last winter’s corona crisis, rebounding 140% from its low last April. The result has also recovered. For the first nine months of 2020, HTGC posted net investment income of $ 115 million, or 11% more than the same period in 2019. For dividend investors, the key point is that net investment income covered the distribution – in fact, it was 106% of the Base distribution. The company was confident enough to kickstart sales with an additional 2 cents payment. The combined payout results in an annualized payment of $ 1.28 per common share and a return of 8.7%. In yet another vote of confidence, Hercules completed a $ 100 million investment-grade bond offering in November, raising capital for debt repayments, new investments and corporate purposes. The bonds were offered in two tranches, each valued at $ 50 million. The bonds mature in March 2026. Analyst Crispin Love covers Piper Sandler’s stock and sees plenty to love in HTGC. “We continue to believe that HTGC’s focus on fast-growing technology and life science companies positions the company well in the current environment. In addition, Hercules is not dependent on a COVID recovery as it does not invest in “vulnerable” sectors. Hercules also has a strong liquidity position which should allow the company to act quickly when it finds attractive investment opportunities, “commented Love. All of the above convinced Love to rate HTGC as an outperform (i.e. buy). In addition to the call, he set a price target of $ 16, indicating upside potential of 9%. (To see Love’s track record, click here.) The stock’s recent appreciation has pushed Hercules stock up to its average target price of $ 15.21 and up only ~ 4% above the trading price of $ 14.67 calmly. Wall Street doesn’t seem to mind, however, as the analyst consensus rating is a unanimous strong buy based on 6 recent buy-side ratings. (See HTGC stock analysis on TipRanks.) To find great ideas for trading dividend stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, ‘a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.