logo
North Carolina bets big to land 2026 MLS All-Star Game in Charlotte

North Carolina bets big to land 2026 MLS All-Star Game in Charlotte

Axios6 days ago
A $2 million grant from the state of North Carolina helped lure the 2026 Major League Soccer All-Star Game to Charlotte.
Why it matters: It's part of a new era for the state, which has historically shied away from funding sports projects until recently. Now, sports betting revenue is being used to help attract major events.
By the numbers: The $2,028,950 grant for next year's All-Star Game at Bank of America Stadium is one of three state-funded sports projects using funds from the Major Events, Games, and Attractions Fund, which went live last summer.
The grant "helps a lot," MLS Commissioner Don Garber says. "You need the support of your governments, both local and statewide, to come up with all the activities and branding and support and logistics and security."
How it works: The Major Events, Games, and Attractions Fund is run through the N.C. Commerce Department. It was established as part of North Carolina's 2023 law legalizing sports betting.
The fund is fueled by taxes from sports betting in the state. Thirty percent of annual revenue from these taxes sustains the fund.
Local governments and authorized local organizing committees may apply for grants from the fund. The Charlotte Sports Foundation is the local organizing committee that applied for the grant to bring the MLS All-Star Game to Charlotte.
The grant total is based on the expected in-state spend by the organizers to put on the event, N.C. Secretary of Commerce Lee Lilley told reporters. The $2 million, which will be dispersed after the event, was allocated given the expected $6 million in-state spend for everything it takes to put on the MLS All-Star Game in Charlotte.
In-state spend is different from economic impact, which accounts for other factors, including people staying in hotels and eating in restaurants.
Between the lines: Putting on a week of festivities is more involved than hosting a single match or even a couple of matches in a short period. This will require additional staff and renting setup elements for possible events outside the stadium.
Zoom out: This is the third event the state is using this fund for, along with:
$2 million to the City of Winston-Salem for the NASCAR Clash race at Bowman Gray Stadium.
$1.65 million grant to Richmond County for the NASCAR Xfinity, ARCA, and Truck series at Rockingham Speedway.
The other side: Sports betting has provided the state with additional revenue, but it comes with concerns over gambling addiction.
What we're watching: Secretary Lilley declined to comment on other events the state will use these funds for, but said there are more than 10 events it is considering, including some in Charlotte.
"An event like this is the perfect example of how the state of North Carolina can partner with local people, particularly ones that are as organized and as strong as Tepper Sports and attract special events," CSF board of directors co-chair Johnny Harris says.
Other events Charlotte could eventually host, he adds, include "maybe an [NFL] Draft ... maybe a Super Bowl."
Harris, a prominent Charlotte developer and president of Quail Hollow Club, is experienced in bringing major sporting events to Charlotte. Quail Hollow hosted the PGA Championship for the second time earlier this year and the Presidents Cup in 2022.
The big picture: The entire state benefits from the fund, not just major metros like Charlotte, Lilley says.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

⭐️ The stars set to shine in the All-Star Game
⭐️ The stars set to shine in the All-Star Game

Yahoo

time3 hours ago

  • Yahoo

⭐️ The stars set to shine in the All-Star Game

The Liga MX and Major League Soccer, MLS, will meet again on the field to compete in the All-Star Game, where the best talents from each league come together to compete in a soccer match and a skills challenge. This year, the event will be quite unique, as the growth of both leagues will allow us to see reunions of great stars who previously played in European soccer. From Liga MX, Sergio Ramos, Sergio Canales, and James Rodríguez will reunite with Lionel Roster MLS Goalkeepers: Dayne St Clair, Brad Stuver, Yohi Takaoka. Defenders: Jordi Alba, Max Arfsten, Tristan Blackmon, Michael Boxall, Alex Freeman, Jakob Glesnes, Andy Najar, Miles Robinson. Midfielders: Sebastian Berhalter, David Da Costa, Cristian Espinoza, Evander, Carles Gil, Diego Luna, Hany Mukhtar, Jeppe Tverskov, Philip Zinckernagel. Forwards: Patrick Agyemang, Tai Baribo, Denis Bouanga, Anders Dreyer, Chucky Lozano, Lionel Messi, Marco Pasalic, Diego Rossi, Sam Surridge, Brian White. LIGA MX Goalkeepers: Luis Malagón, Kevin Mier. Defenders: Sebastián Cáceres, Willer Ditta, Luan García, Jesús Gallardo, Joaquim Pereira, Sergio Ramos, Israel Reyes, Ignacio Rivero, Carlos Rotondi. Midfielders: Roberto Alvarado, Juan Brunetta, Sergio Canales, Rodrigo Dourado, Erik Lira, Elias Montiel, Gilberto Mora, James Rodríguez, Marcel Ruiz, Agustín Palavecino, Alejandro Zendejas. Forwards: Dibier Cambindo, Hugo Camberos, Henry Martín, Paulinho, Brian Rodríguez, Alexis Vega This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 Ira L. Black - 2025 Getty Images

Asian Penny Stocks: Qingci Games And 2 Other Noteworthy Picks
Asian Penny Stocks: Qingci Games And 2 Other Noteworthy Picks

Yahoo

time3 hours ago

  • Yahoo

Asian Penny Stocks: Qingci Games And 2 Other Noteworthy Picks

As the Asian markets continue to navigate a complex global landscape, marked by economic fluctuations and geopolitical developments, investors are increasingly turning their attention to potential opportunities within smaller cap stocks. Penny stocks, often seen as remnants of bygone market eras, still hold significant allure due to their affordability and potential for growth. In this article, we explore three noteworthy penny stocks from Asia that stand out for their financial strength and promising prospects. Top 10 Penny Stocks In Asia Name Share Price Market Cap Financial Health Rating JBM (Healthcare) (SEHK:2161) HK$3.05 HK$2.48B ★★★★★★ Lever Style (SEHK:1346) HK$1.41 HK$889.64M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$2.12 HK$3.66B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.40 HK$2B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.455 SGD184.41M ★★★★★☆ China Sunsine Chemical Holdings (SGX:QES) SGD0.645 SGD614.93M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.45 SGD9.64B ★★★★★☆ Ekarat Engineering (SET:AKR) THB0.95 THB1.38B ★★★★★★ Beng Kuang Marine (SGX:BEZ) SGD0.24 SGD48.53M ★★★★★★ BRC Asia (SGX:BEC) SGD3.55 SGD973.94M ★★★★★★ Click here to see the full list of 970 stocks from our Asian Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Qingci Games Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Qingci Games Inc. is an investment holding company that develops, publishes, and operates mobile games across various international markets including China, Japan, the United States, and others with a market cap of approximately HK$2.26 billion. Operations: The company's revenue is primarily generated from its Computer Graphics segment, amounting to CN¥627.96 million. Market Cap: HK$2.26B Qingci Games has shown financial improvement, becoming profitable over the past year with earnings growing at 6.3% annually over five years. The company's debt levels are well-managed, with operating cash flow covering 46.9% of its debt and more cash on hand than total debt. Its short-term assets of CN¥1.7 billion comfortably cover both short- and long-term liabilities, indicating strong liquidity. However, a Return on Equity of 2.6% is low, and recent results were impacted by a significant one-off gain of CN¥55.9 million, which may not reflect ongoing operational performance accurately. Jump into the full analysis health report here for a deeper understanding of Qingci Games. Examine Qingci Games' past performance report to understand how it has performed in prior years. Genor Biopharma Holdings Simply Wall St Financial Health Rating: ★★★★★★ Overview: Genor Biopharma Holdings Limited is a biopharmaceutical company that develops and commercializes oncology and autoimmune drugs in China and internationally, with a market cap of HK$1.40 billion. Operations: The company generates its revenue from the pharmaceuticals segment, amounting to CN¥206.23 million. Market Cap: HK$1.4B Genor Biopharma Holdings, with a market cap of HK$1.40 billion, is making strides in the biotech sector despite being unprofitable. The company recently secured approval from China's NMPA for Lerociclib (GB491), a promising treatment for HR+/HER2- breast cancer, marking a key milestone in its drug development efforts. Additionally, advancements in the clinical evaluation of GB261 for autoimmune diseases highlight ongoing innovation. Genor's financial stability is supported by CN¥1.1 billion in short-term assets covering liabilities and no debt burden, ensuring a substantial cash runway exceeding three years based on current free cash flow trends. Get an in-depth perspective on Genor Biopharma Holdings' performance by reading our balance sheet health report here. Review our historical performance report to gain insights into Genor Biopharma Holdings' track record. Hong Leong Finance Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Hong Leong Finance Limited is a financial services company catering to consumer and SME markets in Singapore, with a market capitalization of SGD1.19 billion. Operations: The company generates SGD233.57 million in revenue from its financing business segment. Market Cap: SGD1.19B Hong Leong Finance Limited, with a market cap of SGD1.19 billion, demonstrates financial stability through primarily low-risk customer deposit funding and an appropriate loans-to-assets ratio of 80%. The company has shown consistent profit growth, with earnings increasing by 11.5% over the past year, surpassing industry averages. Despite a relatively low return on equity at 4.9%, Hong Leong maintains high-quality earnings and an experienced management team with an average tenure of 8.8 years. Recent strategic moves include being appointed as an independent financial adviser to Aoxin Q & M Dental Group Limited, enhancing its advisory credentials in the region. Click here and access our complete financial health analysis report to understand the dynamics of Hong Leong Finance. Learn about Hong Leong Finance's historical performance here. Taking Advantage Click this link to deep-dive into the 970 companies within our Asian Penny Stocks screener. Curious About Other Options? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:6633 SEHK:6998 and SGX:S41. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Brice Matthews hits first 2 big-league homers, leads Astros past the D-backs 6-3
Brice Matthews hits first 2 big-league homers, leads Astros past the D-backs 6-3

Hamilton Spectator

time3 hours ago

  • Hamilton Spectator

Brice Matthews hits first 2 big-league homers, leads Astros past the D-backs 6-3

PHOENIX (AP) — Brice Matthews hit his first two big-league homers and had five RBIs, Christian Walker added an RBI double in his return to Chase Field and the Houston Astros beat the Arizona Diamondbacks 6-3 on Monday night. Matthews went deep in the second inning with a three-run shot, turning a 1-0 deficit into a 3-1 lead. His two-run homer in the seventh pushed the Astros ahead 6-3. The 23-year-old second baseman is one of the Astros' top prospects and a first-round pick in 2023. The Diamondbacks had their four-game winning streak snapped. Eugenio Suarez hit his NL-leading 36th homer. Arizona's Zac Gallen (7-11) gave up six runs over six innings. He's given up 23 homers this year, which is already the most in a season in his career. Houston lefty Colton Gordon (4-2) gave up three runs — two earned — over 5 2/3 innings. Josh Hader worked the ninth for his 26th save in 27 chances. The D-backs had the tying run at the plate with two outs, but Josh Naylor flied out to right to end the game. Walker had two hits while playing against the D-backs for the first time since he left the team for Houston in free agency during the offseason. He hit 146 homers over eight seasons in Arizona, helping the franchise reach the World Series in 2023. D-backs star Ketel Marte returned to the lineup for the first time since his house was burglarized over the All-Star break . The D-backs left 11 runners on base. Key moment The D-backs loaded the bases with two outs in the sixth, but reliever Bennett Sousa retired Marte on a fly ball to left to end the threat. Key stat Gallen reached 1,000 career strikeouts in the fourth inning. He's the second pitcher who debuted in 2019 to hit the mark, joining Dylan Cease. Up next The Astros send LHP Framber Valdez (10-4, 2.75 ERA) to the mound against Diamondbacks LHP Eduardo Rodriguez (3-6, 5.94) on Tuesday. ___ AP MLB:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store