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Korean Buyer For 2 Luxe Resorts?

HOSPITALITY: Ritz, Montage trade expectedA South Korean financial services group has emerged as the likely buyer for two of Orange County’s poshest coastal resorts, which could trade hands for $900 million or more on a combined basis.

Local Fitness Companies Bulk Up Annual Sales

SERVICES: Five among 100 biggest

Orange County’s cluster of fitness chains pumped up their sales last year, according to data from trade publication Club Industry.

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Esports CEO Ng: Huge Potential for New Public Co.

GAMING: $200M+ reverse merger complete

Allied Esports Entertainment Inc., an Irvine-based company that runs venues and live events for online gaming enthusiasts, sees major growth possibilities for the competitive side of the industry.

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Marketing: Tennis Club Gets Its Groupon

Newport Beach Tennis Club is seeking members via a massive discount.

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Buyer Reveal: Trout Gets $9M NB Digs

Los Angeles Angels of Anaheim centerfielder Mike Trout paid $9.2 million for a Newport Beach home.

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Esports Venue Operator Goes Public

Allied Esports Entertainment, an Irvine-based company that runs facilities for online gaming enthusiasts, as well as the World Poker Tour, went public Monday by reverse merger.

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Vans Sponsors Surf Overseas

Costa Mesa-based Vans Inc. is the presenting sponsor for the International Surf Association’s 2019 Word Surfing Games next month in Japan.

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Surf App Taps Wave Lovers

Huntington Beach-based Surfline has put its app on the Apple Watch.

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JWA June Traffic Down

John Wayne Airport passenger traffic decreased 3.4% in June to 919,000 compared with the same month last year.

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Hotel Rates, Revenue Up

Local hotels saw higher daily rates and revenue per available room on lower occupancy levels in June, CBRE Hotels said.

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Long Beach Airport Traffic Down

Long Beach Airport traffic decreased 13% year-over-year in June to 307,000 passengers; year-to-date traffic is down nearly 16% to 1.7 million passengers.

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Kingston Unit in Red Bull Deal

Kingston Technology Co.’s gaming equipment unit, HyperX, was named the exclusive supplier for Red Bull esports events.

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Toshiba Expands AEG Deal

Toshiba America Business Systems in Lake Forest extended and expanded a sponsorship deal with entertainment venue operator AEG.

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JD Power Sold

Costa Mesa consumer data company J.D. Power was bought by private equity investor Thoma Bravo, in Chicago, on undisclosed terms.

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Garden Grove Gets Entertainment Layout

Construction has begun on Starlight Cinemas West Grove, a 29,000-square-foot movie theater, which will anchor a new entertainment complex in Garden Grove.

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