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Sixty Chinese nationals who invested in the SLS Hotel & Casino Las Vegas are suing the casino resort, claiming that none of the promises made to them during its development phase materialized. The lawsuit was filed by Chinese investors on N...
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Full details available only for registered and approved users.
Full details available only for registered and approved users.
Since opening its doors back in 2014, SLS Las Vegas has failed to perform well financially. In fact, saying that they have failed to perform well is perhaps lightening the blow a bit, as the casino has not once turned a profit in any given mon...
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A group of Chinese investors are alleging The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the verge of bankruptcy, according to a lawsuit filed in Los Angeles County this week. Sixty Chinese investors lent roughly $...
Sixty Chinese investors who were promised U.S. permanent resident cards for investing in the SLS Las Vegas hotel and casino have sued the developers of the project, saying they never received the promised green cards. The lawsuit, filed...
The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the "verge of bankruptcy," according to a lawsuit filed in Los Angeles County by 60 Chinese nationals who lent money to the project in exchange for U.S. citizenship. C...
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Full details available only for registered and approved users.
Full details available only for registered and approved users.
Full details available only for registered and approved users.
Full details available only for registered and approved users.

Industry Updates News, Articles

Did you know? Congress extended “again” the current law to December 22, 2017 with no changes!   Congress is currently debating a number of issues related to EB-5. Our hope is that these issues will all be clarified once the long awaited a...
On Friday, December 8, 2017, President Trump signed House Joint Resolution 123, the “Continuing Appropriations Act”, which prevented a U.S. federal government shutdown. The Act provided a short-term extension which will keep the U.S. federal g...
  Congress has extended for two weeks a controversial U.S. immigration program that has helped finance a number of luxury condo developments in the country as part of a stopgap budget. U.S. lawmakers avoided a government shutdown late Th...
Today both the U.S. House of Representatives and the Senate passed a Continuing Resolution that will leave the EB-5 Regional Center Program operational – and without changes to its provisions – through December 22. The day was not without i...
Illustration: Courtesy Navyseum Want to be a sailor for a day? In 2019, Chicagoans will be able to visit the Navyseum—a giant attraction made up of decommissioned naval equipment. The 130,000-square-foot complex is not an amusement p...
  City officials say $200 million in private financing from foreign investors has been secured to const ruct a massive entertainment hub here, a project that would ultimately become one of the largest inside the city and potentia...
On the site of a shuttered Burger King in a long-neglected Northeast neighborhood, D.C. Mayor Muriel E. Bowser donned a hard hat and dug a shiny shovel into a pile of dirt. It was a groundbreaking for a luxury apartment — made possible by ...
Russia as an Emerging EB-5 Market by Matthew R. Morley, Esq. With China’s EB-5 market slowing down, regional centers and developers are in quest of markets beyond China to locate dependable sources of investors. Russia and the surrounding Russian-...
A "entrepreneurial" Rochester startup company has proposed a massive trash-burning incinerator in Seneca County. The $365 million incinerator, which would burn up to 175 truckloads of solid waste each day, would be built on a 48-acre parcel...
Rendering of the Hyatt House and Hyatt Place at LAX As a state that’s home to several high-barrier-to-entry markets and destinations that guests love to travel to, it’s no surprise that California is seeing a flurry of activity. Here ar...
By Hermione Krumm, Esq. and Sami Haidar   USCIS Immigrant Investor Program (IPO) Acting Chief Julia Harrison, Senior Advisor for Economics Jan Lyons and Division Chief of Adjudications Richard Murry met with EB-5 stakeholders twice last week...
EB-5 CONFERENCE WITH USCIS IPO HOSTED BY MONA SHAH GLOBAL   USCIS Investor Program Office (IPO) Acting Chief Julia Harrison, Senior Advisor for Economics Jan Lyons and Division Chief of Adjudications Richard Murry presented at the EB-5 Confe...
IPO staff met with EB-5 stakeholders twice this week, at an official Stakeholder Engagement on November 7 and at an EB-5 Conference hosted by Baruch College on November 10. I’ve uploaded voice recordings of both presentations (11/7 here and 11/...
Developer Jeffery Kozero wants to remake a swath of South Philadelphia’s Delaware River waterfront into Philadelphia’s version of Miami Beach. Imagine 10 towers — up to 34 stories — overlooking the Delaware in what would be the city’s biggest ...
New life is being breathed into a historic high-rise building in Alabama. The 12-story Bell Building in Montgomery is undergoing a $25 million renovation thanks to help from Chinese investors, according to the Montgomery Advertiser. Once...
The discussion of the EB-5 Immigrant Investor Program has been squarely focused on gridlock on reforms that have been dragging out for the past two years. But while Congress continues to delay any concrete decisions on modifications to the pro...
  A $25 million makeover is underway inside a historic Montgomery high-rise that will soon boast 88 luxury loft apartments as well as space for restaurants and stores. And it’s all happening thanks to an infusion of millions of dollars from...
Developer Joseph Moinian aims to raise as much as $500 million of EB-5 funds -- contributions from foreign nationals in exchange for legal U.S. residency -- to help him build a $2 billion skyscraper on Manhattan’s far west side. At a ground...
Moinian Group on Friday broke ground on a 53-story tower in the burgeoning Hudson Yards district that is rapidly changing New York’s skyline in a more than $2 billion project the developer hopes to help finance through the EB-5 visa program. ...
On Sept. 8, the EB-5 Regional Center visa program was extended by Congress, without any changes, until Dec. 8. The EB-5 program provides a pathway to legal permanent residence to foreign nationals who create at least 10 new jobs by investin...

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