Tom York on Business: Founder Returns to Carlsbad Game Company He Founded

Dave Chapinfounded the Carlsbad board game maker The Opreturned to the company as CEO with plans to take the lead in expanding the business into family entertainment as well as games.

According to a news release, Chapin “returned to his hometown” after he left the company to pursue other business interests.

He said his goal is to expand the quarter-century old business.

The release says the company has popular licenses in the games sector, such as Schitt’s Creek in the United States ANTITRUST and Sopranos Monopoly.

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

Chapin and family members launched the company in 1994 with a license to make town editions of the famous board game Monopoly. The business began to grow rapidly with the launch of the 1996 Atlanta Olympics edition of Monopoly.

In the early days, when company games weren’t running right away, Dane and his employees were selling games from his car parked in the Olympics parking lot, according to a company news release.

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

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To celebrate its 10th Anniversary next month, craft beer maker Kearny Mesa Societe Brewing says it will open a satellite tasting room in the Old Town in early 2023, including the release of the 10th anniversary beer and a calendar of beer activities to commemorate their first decade of beer making.

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San Diego public finance company Total Legacywhich specializes in asset transactions, reported financial results for the first quarter ended March 31.

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

“With the end of Covid -related stimulus payments, we are starting to see a higher number of consumer loans coming to market,” the chief executive said. Ross Dove.

“Similarly, with the current inflationary macroeconomic conditions, more and more financial institutions are pointing to a recession as a market possibility, which we believe will lead to a significant improvement in non-performing loans as we go through the year. “

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A Delaware jury ruled the San Diego gene-sequencing equipment maker Illumina to pay $ 333 million to the U.S. Chinese-based unit BGI Group. The jury found that Illumina’s tracking systems infringed on two of BGI’s patents.

According to a Reuters‘news report, the jury said Illumina intentionally infringed on the patents, and validated Illumina’s claim that BGI infringed on you of its patents.

The companies are embroiled in a global legal battle over their respective compliance technologies, with court cases in countries including Germany, Denmark, Switzerland, and Turkey.

Illumina said Friday in an SEC filing that it may have to pay interest and royalty payments until 2029 if the two patents expire, if the appeals are denied.

The share price fell 14% to 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, which provides legal practice management software and payment services to law firms, says it has acquired Docketwisean immigration software platform used by more than 6,000 immigration legal practitioners.

MyCase is a complete legal practice management software designed for the modern law firm. It covers the entire client life cycle with lead management, case management, billing and invoicing, and reporting.

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Makes a beer without alcohol Athletic Brewing Company, which has facilities in Boston and here in San Diego, says it has achieved Certified B Corporation status. The certification comes as the brewery celebrates its fourth anniversary.

According to a company’s website, certification emphasizes that a business has met prescribed standards of proven performance, accountability, and transparency on a number of factors ranging from employee benefits and delivery. charity to supply chain practices and input materials.

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San Diego public mortgage provider Guild Mortgagewhich has been creating residential loans since 1960, says it has introduced a new program to help home buyers compete with all the cash offers in today’s competitive housing market.

The local company says its CashPass program enables buyers to submit cash offers without the need for financing or evaluating contingencies.

During the current housing shortage, cash buyers are flooding the market, driving away buyers who need a down payment and lending permission to make an offer on a property.

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

The rise in all cash home purchases comes at a time of an ongoing seller’s market, the company said. Historically, low supply has offset scales and increased consumer demand.

A year ago, Redfin said cash deals represented more than a third of the market nationwide.

“With little inventory, vendors are getting a lot of strong offers and we want to help our clients compete and win,” said the Guild’s chief executive. Mary Ann McGarry. “In this competitive housing market, the Guild recognizes the need to help level the playing field for our clients who are unable to make a cash offer on their own. The Guild’s CashPass program helps shoppers. house that will make more competitive offers essential to win when a seller is faced with multiple bids to choose from.

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And speaking of housing, here’s a potential bit of relief for the region’s ongoing housing influx. National home builder KB House announces the opening of Silverado, a townhome development in Vista. Pricing starts from around $ 700,000, and units sold range in size from 1,600 to 1,900 square feet.

KB has six projects started in San Diego County. These include, Ridgeview, Mission Villas and The Foothills in San Marcos, plus Crestline in Spring Valley and Sundance in Park Circle in Spring Valley.

According to a spokesperson, the founder also plans to open four more developments this year in the country. These 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 it has opened Santianna, its new community in Carlsbad.

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

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Finally, Canadian electric bike makers DST said it promotes testing Danielle “Flipper” Kreusch and Kyle “Skipper” Hawkins to put a new one Guinness World Record for “the longest journey on a motorized bicycle.”

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

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

In my estimation, we can expect to see them very fast heading to the beach this July.

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

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

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