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Tom York on Business: The Founder Returns to the Carlsbad Gaming Company He Founded

David Chapin
Dave Chapin. Photo from the company’s Facebook page

David Chapinfounder of board game manufacturer Carlsbad The Opreturns to the company as CEO with the intention of leading the company’s expansion into family entertainment as well as gaming.

According to a press release, Chapin is “returning to his roots” after leaving the company to pursue other business interests.

He said his goal was to grow the quarter-century-old business.

The release says the company holds popular licenses in the gaming industry, such as Schitt’s Creek Monopoly and Sopranos Monopoly.

Chapin said one of the initiatives he will lead is the digital and television launch of Telestrationsa game that has already sold millions of copies in its physical form.

Chapin and his family members started the company in 1994 with a license to create urban editions of the popular board game Monopoly. The business began to grow rapidly with the launch of the 1996 Atlanta Olympics edition of Monopoly.

In the beginning, when the company’s games weren’t moving quickly, Dane and his employees would sell games from his car parked in the Olympics parking lot, according to a company press release.

According to a research report published in January, the board game market is expected to reach $2.6 billion by 2025.

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To celebrate its 10th anniversary next month, the Kearny Mesa craft brewer Brewery Company announced the opening of a satellite tasting room in the Old Town in early 2023, as well as the release of a 10th anniversary beer and a calendar of beer-related events to commemorate their first decade of beer making.

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San Diego Public Finance Corporation World Heritagewhich specializes in asset transactions, released its financial results for the first quarter ended March 31.

The company says it generated operating profit of $875,000, or 2 cents per share, for the quarter, compared to operating profit of $1 million, or 3 cents per share, in the quarter. previous year, according to the announcement of its results.

“With the end of the Covid-related stimulus payments, we are starting to see a higher volume of canceled consumer loans hitting the market,” the chief executive said. ross dove.

“Similarly, with the current inflationary macroeconomic conditions, more and more financial institutions are flagging a recession as a market probability, which we believe will lead to a significant increase in non-performing loans over the course of the year.”

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A Delaware jury ordered a maker of genetic sequencing equipment from San Diego Illuminated pay $333 million to the American unit of the Chinese company BGI Group. The jury found that Illumina’s sequencing systems infringed two of BGI’s patents.

According to a Reuters‘, the jury said Illumina deliberately infringed the patents and invalidated Illumina’s claim that BGI infringed its patents.

The companies have been embroiled in a global legal battle over their respective sequencing technologies, with lawsuits in countries including Germany, Denmark, Switzerland and Turkey.

Illumina said in a filing with the SEC on Friday that it could be required to pay interest and royalties through 2029, when both patents expire, if the appeals are denied.

The stock price fell 14% on Mary 13 after the decision. The price per share has a 42-week high of $526 and a 53-week low of $208.

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My case, providing law firm management software and payment services to law firms, claims to have acquired On filean immigration software platform used by over 6,000 immigration law practitioners.

MyCase is comprehensive law practice management software designed for the modern law firm. It covers the entire customer lifecycle with lead management, case management, invoicing and reporting.

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non-alcoholic beer machine Athletic Brewery, with facilities in Boston and here in San Diego, claims to have achieved Certified B Corporation status. The certification comes as the brewery celebrates its fourth anniversary.

According to a company website, certification indicates that a company has met prescribed standards of verified performance, accountability and transparency on many factors ranging from employee benefits and charitable donations to supply chain practices. supply and input materials.

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San Diego Public Mortgage Provider Guild Mortgagewhich has been offering home loans since 1960, announced it has introduced a new program to help buyers compete with cash offers in today’s competitive housing market.

The local business says its CashPass program allows buyers to submit cash offers with no financing or valuation contingencies required.

During the current housing shortage, cash buyers have flooded the market, driving out buyers who need a down payment and mortgage approval to make an offer on a property.

According to a company statement, buyers who submit cash bids quadruple their chances of winning a bidding war. This is according to data from the residential real estate website red fin.

The surge in cash home purchases comes during an ongoing seller’s market, according to the company’s statement. Historically, low supply has tipped the balance and increased buyer demand.

A year ago, Redfin said cash transactions made up more than a third of the national market.

“With less inventory, sellers are getting multiple strong offers and we want to help our customers compete and win,” the Guild executive said. Mary Ann McGarry. “In this competitive housing market, Guild recognizes the need to level the playing field for our customers who are unable to make an all-cash offer themselves. Guild’s CashPass program helps buyers make more competitive offers essential to winning when a seller is faced with multiple offers to choose from.

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And speaking of housing, here’s some potential relief for the ongoing housing shortage in the area. National home builder Knowledge base home announced the opening of Silverado, a townhouse development in Vista. Prices start from the mid-$700,000 and units for sale will range in size from 1,600 to 1,900 square feet.

KB has six projects underway in San Diego County. These included, RidgeviewMission Villas and The foothills in San Marcos, as well as Crestline in Spring Valley and Sundance at Park Circle in Spring Valley.

According to a spokesperson, the automaker also plans to open four other developments this year in the country. They include Aurora and Bluffs in Spring Valley, Cadence in Oceanside, and The Terraces in Lemon Grove.

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Irvine-based retirement home operator Oakmont Management says he opened santiannahis new community in Carlsbad.

According to a press release, Oakmont is one of the leaders in the senior living industry, with 4,500 residences living in 40 projects in California and Nevada.

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Finally, Canadian e-bike manufacturer DOST says he sponsors the attempt to Danielle “Flipper” Kreusch and Kyle “Skipper” Hawkins define a new guinness world record for “the longest journey on a motorized bicycle”.

The couple started in St. Petersburg, Florida on May 1 and plan to travel more than 7,000 miles in three months to get to San Diego.

They hope to “pedal” about 100 miles a day.

By my estimate, we can expect to see them accelerating towards the coast in July.

According to a statement, the Guinness record for the longest trip was set six years ago when Ravindran Kempaiah covered 12 states and 5,100 miles in 34 days.

Tom York is a Carlsbad-based freelance journalist who specializes in business and economics writing. If you have any topical tips you’d like to share, send them to [email protected]

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