April 20, 2013, Worldway Immigration successfully hosted the "Las Vegas Third Street Redevelopment Project National Roadshow" at the Four Seasons Hotel Shanghai in Puxi. This marked the first time the Las Vegas Third Street Redevelopment Project was introduced in China. The seminar featured distinguished guests, including FIFTH STREET GAMING CEO Mr. Seth Schorr, Chief Marketing Officer Mr. Reed Weily, and Asia Market Director Mr. Sam Lin, as well as Brownstein Hyatt Farber Schreck attorney Mr. Rikard Lundberg. Worldway President Winner Xing, a senior investment immigration expert, was also present to answer questions from attendees. This seminar provided a high-quality project for clients who were hesitant about immigrating to the United States.
The scene of the Las Vegas Third Street Redevelopment Project debut in Shanghai
Worldway President Winner Xing explains the Las Vegas Third Street Redevelopment Project to investors
How to choose an EB-5 project
Brownstein Hyatt Farber Schreck attorney Mr. Rikard Lundberg provided an in-depth explanation on how to select an EB-5 project and the requirements of U.S. securities law for investment projects, addressing concerns raised by the clients present. Mr. Rikard Lundberg's clear and insightful analysis dispelled the clients' concerns and hesitations regarding U.S. immigration, earning him enthusiastic applause and professional recognition from the audience.
Overview of the Las Vegas Third Street Redevelopment Project
FIFTH STREET GAMING CEO Mr. Seth Schorr and Chief Marketing Officer Mr. Reed Weily jointly interpreted the Las Vegas Third Street Redevelopment Project for the clients. The Las Vegas Third Street project is a comprehensive community redevelopment project in downtown Las Vegas, integrating hotels, casinos, dining, bars, nightclubs, shopping, and meeting facilities. It covers approximately 4 blocks in the downtown area, spanning 10.7 acres. It includes the Downtown Grand hotel with 629-650 rooms, a 24,000-square-foot casino, the only rooftop swimming pool in downtown Las Vegas, an 85,000-square-foot shopping center, and a 22,000-square-foot conference center. The project does not rely on EB-5 funds to start and is already under construction.
Features of the Las Vegas Third Street Redevelopment Project also include:
Ø The project is located in the core area of downtown Las Vegas;
Ø As a key tourism planning area for the Las Vegas municipal government, the project receives financial support;
Ø Job creation exceeds USCIS requirements by 36%;
Ø EB-5 funds account for only 38% of the total project investment, with premium property mortgage rights;
Ø Top U.S. immigration law firm Miller Mayer oversees the project;
Ø Top U.S. law firm & government relations consulting firm Brownstein Hyatt Farber Schreck ensures compliance with U.S. SEC regulations;
Ø As the investment institution and developer of the project, the U.S. CIM Group is a globally ranked 27th private equity real estate investment firm, managing assets exceeding $11 billion.
Project investment institution and developer CIM Group fully builds Las Vegas Third Street
The Las Vegas Third Street Redevelopment Project brings together the project investment institution and developer, CIM Group. CIM Group is the investment institution and developer for the Las Vegas Third Street casino hotel. It was the 27th ranked global real estate private equity fund in 2012, with $6.4 billion in equity capital and $12 billion in assets managed across major U.S. cities, focusing on the investment and development of urban commercial real estate and community construction in the United States. The management team for the Third Street casino hotel is FIFTH STREET GAMING, along with top U.S. law firm & government relations consulting firm Brownstein Hyatt Farber Schreck, top U.S. immigration law firm Miller Mayer, and the leading U.S. immigration institution, Worldway. FIFTH STREET GAMING is responsible for the operation and management of the Las Vegas Third Street casino hotel. Mr. Seth Schorr is the Fifth Street Gaming CEO. The Schorr family is a well-known family in Las Vegas, and his father, Mr. Marc Schorr, was a core executive at Wynn Resorts. Mr. Seth Schorr has 20 years of experience in operating casino hotels, nightclubs, and restaurants, and currently manages 35 specialty restaurants and 7 casino hotels. Top U.S. law firm & government relations consulting firm Brownstein Hyatt Farber Schreck is one of the top 5 federal government relations management firms/law firms in the United States. Founded in 1968, its consulting and legal practice areas and industries include federal government relations management, corporate affairs, taxation, securities, real estate, resources, hotel gaming, intellectual property, and litigation, with 12 offices across the United States. Clients include Fortune 100 companies such as MetLife Insurance, Microsoft, Visa, Hilton, Verizon, Sony, Caesars Entertainment (Caesars Palace Las Vegas), and Apollo Global Management. Brownstein law firm serves as the government relations management firm and securities compliance law firm for CIM. Mr. Rikard Lundberg is the consulting attorney at Brownstein law firm responsible for U.S. securities investment and corporate mergers and acquisitions. He has extensive experience in U.S. securities law, investment, corporate IPOs/acquisitions/mergers, and WorldWay dispute arbitration. He is also a lecturer at the University of Denver. It is rare to see so many heavyweight top-tier Chinese and American institutions join forces in the many U.S. EB-5 projects.
Finally, Worldway President Dr. Xing took the stage amidst the warm applause of the guests, answered various questions from the attendees one by one, and announced major signing incentives at the event, pushing the atmosphere to another climax. The first stop of the Worldway Immigration 4.20 "Las Vegas Third Street Redevelopment Project National Roadshow - Shanghai Station" was a great success, and it also announced that the subsequent national roadshows in Beijing on April 27 and Guangzhou on April 28 will be held one after another across the country. Please stay tuned.
