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In San Jose, a center of California’s housing crisis, one of the oldest and last remaining Japanese-owned farms in the state will be demolished to pave the way for urban housing. San Jose is home to one of only three existing Japantowns in the country and the only one built on agricultural roots. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses. Vanessa Hatakeyama, the acting director of the Japanese American Museum of San Jose, said the Sakauye farm is a remnant of San Jose’s agricultural landscape — one that was built by Japanese immigrants — before it was transformed by the tech and suburban housing booms. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses.
Persons: Vanessa Hatakeyama, ” Hatakeyama, they’d, Eichii, Ed ” Sakauye, Yuwakichi, Sakauye, of San Jose Eichii Sakauye, Edward Seely, , , Rosemary Kamei, Kamei’s, Kamei, Ben Leech, Carolyn Sakauye, Jane May, Leech Organizations: San Jose City, Japanese American Museum of San, ” Preservation, ., Preservation, of San, City, city’s Department of Parks ,, Neighborhood Services Locations: Jose, San Jose, Japanese American Museum of San Jose, Silicon, California, Heart Mountain , Wyoming, Heart, of San Jose
Thailand is working on a new game plan to boost foreigner arrivals and increase tourism spending: casinos. The strategy has worked for Macao — which has overtaken Las Vegas as the world's largest gambling hub — and Singapore, with two successful 14-year-old casinos. If Thailand's draft bill gets passed into law, the country could be Macao and Singapore's largest competitor by the end of the decade, industry watchers told CNBC. If the law gets passed, Thailand's casinos could generate 187 billion Thai baht ($5.5 billion) in revenues, or 1% of the country's GDP, according to Maybank research. The Thai economy grew 1.9% in 2023, and is expected to grow 2.7% this year, the finance ministry said.
Persons: Ben Lee, , Lee, Srettha Thavisin, Paetongtarn Shinawatra, Yin Shao Yang Organizations: Macao, Las Vegas, CNBC, IGamiX Management, Consulting, Tourism, Thai, Investment Bank Locations: Pattaya, Thailand, Singapore, Macao, Macau
NBA roundup: Warriors hang 157 on Blazers, glide into playoffs
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +12 min
Shaedon Sharpe added 18 points to go with a team-high seven rebounds, while Jeenathan Williams had 17 points for Portland. New Orleans' Brandon Ingram had 42 points and 12 rebounds, CJ McCollum scored 23 points and Trey Murphy III had 20. Lindell Wigginton scored 17 points and Bobby Portis had 16 for the Bucks. Jaden Hardy led all scorers with 25 points, with Theo Pinson forging a triple-double (23 points, 13 rebounds, 12 assists) for the Mavericks. De'Aaron Fox, who scored 13 points, played less than 18 minutes.
CalPERS is the US's largest public pension plan, managing the retirement accounts of 1.5 million California employees and retirees. Unlike many other financial institutions, VC funds are not required to show their return on investment in startups. The CalPERS fund's $75 million bet in 2001 on a venture fund managed by the Carlyle Group lost money. A $25 million investment in DCM's 2000 fund had a 1.9% IRR. Its $260 million investment in two Khosla Ventures funds in 2009 yielded an IRR of 11.8% for the early-to-midstage fund and 6.9% for the seed-stage fund.
Williams added 11 rebounds. Damion Lee added 16 points and reserve Saben Lee had a season-best 15 as Phoenix won for just the third time in its past 15 games. Nic Claxton had 20 points and 11 rebounds, Joe Harris and Seth Curry scored 16 points apiece and Cam Thomas added 15. Anthony Edwards had 23 points and Kyle Anderson added 20 points, 10 rebounds and six assists for Minnesota. Hamidou Diallo tossed in 17 points, while Saddiq Bey and Jaden Ivey had 16 points apiece.
More non-gamblers have been visiting Macao, consultancy says
  + stars: | 2023-01-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore non-gamblers have been visiting Macao, consultancy saysBen Lee of says the demographic of visitors from mainland China to Macao has changed "drastically," and there are now more young families, young couples and young groups of women.
But their 10-year, shortened contracts come at a time when COVID-19 restrictions have decimated Macau’s gambling revenues, with 2022 the worst annual performance on record. Non-gaming revenues, which averaged around 5% of overall gaming revenues pre-COVID, must grow to more than 30% in the next decade, said Ben Lee, founder of Macau gaming consultancy IGamiX. Macau, a densely packed territory located on China’s southern coast, is the only place in the country where gambling in casinos is legal. Increased regulatory oversight comes as Macau casinos face much higher debt levels versus 2019. Macau has few direct flights from potential markets outside China, while transport within the city is limited to move large groups of people around, said David Green, head of Macau gaming consultancy Newpage.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's one step forward, two steps back for Macao: ConsultancyBen Lee of IGamiX discusses Macao's recent move to reimpose Covid-19 curbs, and discusses Genting's business prospects in Macao.
Gambling is illegal in most parts of China, apart from the state-owned national lotteries, and recognised gambling sites are blocked from Chinese users. It is one of many gambling companies that have mirror sites. Experts told Insider mirror websites are a "common" practice by betting companies in countries that don't allow gambling. A virtual armyHuang said it was easy to find a link to a new mirror gambling site once an old one has been blocked: his friends sent him the URL. They make friends with people and claim that they have won money gambling, and encourage other users to visit mirror sites.
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