Category Archives: Financial Disaster

SoftBank Vision 2.0 Strategy: Fortress Investment Group Luxury Gaming Plus SoftBank Cutting Edge Gaming Technology

The Fortress Investment Group assets tend to appeal to the wealthy – casinos, resorts and even special banks. SoftBank has added some of the most cutting-edge technologies of tomorrow. Just imagine the juggernaut that would be created when the two could meld advanced technology and luxury brands as part of their SoftBank Vision 2.0 Strategy.

 Fortress Luxury Properties

The Fortress Investment Group was very careful about building up its wealth portfolio. Many would call the assets traditional luxury brands. The wealthy do not see large changes to their wealth and can continue to pay top dollar for the best products and services. The Fortress added a number of luxury service oriented companies to its holdings, including IntraWest, Penn National Gaming and Spring Leaf Financial. Penn National had 4,800 hotel rooms, 36,200 gaming machines and 810 table games under its umbrella at the end of 2017.Springleaf Financial provided personal installment loans to rich people. Wealthy people loved the Fortress brand. They could even support the British Columbia Winter Olympics, which Fortress helped fund in 2010.The Fortress principals were also well-connected. They had worked at UBS, Black Rock and Goldman Sachs. When SoftBank purchased Fortress in 2017, it kept all of the principals in place. This suggested that they had no problem with how the Fortress was being run.

SoftBank Technology Investments

The SoftBank Vision 2.0 Fund is trying to create the infrastructure of the future. The Fortress has a lot of property that could be useful for the SoftBank. That might be one of the reasons why SoftBank purchased the Fortress Investment Group in 2017.SoftBank has investments in both Uber and DiDi, which provide transportation services to their customers. Along those same transportation lines is MapBox, which allows for users to create their own customized maps. This takes transportation to the nth degree.Perhaps, people could combine the Fortress IntraWest holdings with the SoftBank MapBox holdings to create their own special maps of various ski runs. They could identify where the trees are located and the best path for accomplishing various goals. The possibilities are endless.That might be why SoftBank was so excited to purchase Fortress. SoftBank also has holdings in the NVidia technology, which is crucial to many modern gaming systems. NVidia technology could be used to upgrade Penn National’s Hollywood Casinos for the next generation of online gaming. The future for transportation, gaming and luxury brands are bright for the SoftBank Fortress powerhouse.

Better World for Luxury Gaming

Combining the Fortress Investment Group and SoftBank has made a brand that will provide the latest technology for those who can afford luxury brands. That seems to be where the money is. That is what SoftBank is betting on.Interestingly enough, both Fortress and SoftBank understand the importance of gaming too. They have different approaches, but both understand that people will spend a lot of money to rest, unwind and relax. This Fortress & Softbank synergy could be the start of something good.

George Soros Encourages Investors to Be Cautious

 George Soros has recently made a prediction on Bloomberg.com that has a lot of people feeling nervous. While at an economic forum in Colombo, Sri Lanka, he said that investors need to be very cautious. He feels like the devaluation of the yuan is hurting the rest of the world and that a crisis that echoes that which happened in 2008 is on the horizon.

As the value of China’s currency continues to decrease, the country is struggling to set up a new growth model. Unfortunately, this is negatively affecting the international economy. In just the first week of 2016, over $2 trillion was wiped from the value of global equities. In just one day, Chinese equities plunged so low that trading had to be stopped for the rest of the day. George Soros strongly feels that the adjustment problems that China is facing amounts to a serious crisis. It reminds him of the challenges that were faced in the year 2008.

George Soros is a well respected businessman, investor, and philanthropist. His hedge fund firm that was set up in the late 1960s has consistently been successful. In fact, from the years 1969 through 2011, the firm gained about 20 percent each year. George Soros has a keen eye for finding successful investments and has made a fortune off them. It has been estimated that his net worth totals more than $27 billion. He has a reputation for predicting financial trends. For example, in the year 1992 he was able to walk away with over $1 billion because of a bet that he made indicating that the UK would have to devalue their currency.

Besides his success in the business world, Soros has been a successful philanthropist. He feels that it is his obligation to help others and to take a strong stand on issues that many view as controversial. For example, not too long after setting up his hedge fund firm, he took a stand helping black individuals in South Africa under apartheid. He provided scholarships for these individuals. Also, he has helped many individuals from the Roma community in Europe. He provided educational opportunities for them, including scholarships.

George Soros is the chairman and founder of Open Society. The purpose of Open Society is to make sure that individuals have their rights respected, no one group of people can monopolize truth, and governments are held responsible for their actions. This organization is a giant network that has connections in more than 100 countries.

Until the global market and economy improve, it would be wise for investors to heed the warning given by George Soros. He feels that the current situation will be very similar to what took place in 2008.

https://www.opensocietyfoundations.org/people/george-soros
http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says