Resort and Casino | London, Canada - MMJ
Engaged

USD 1,250,000,000
Spent so far: USD 5,000,000
Can spend more: Yes
Ontario
Hospitality Hotels/Resorts Leisure/Recreation
Assured repayment by: Independent and credible feasibility study
Shovel Ready Indicators:
LTV Expectation: 100%
Land/Site: Sale/lease agreed
EPC Contracts: Signed
PPA/OMA or other off-take agreements: Signed
Financial Projections: Completed and available
Most PFX listed opportunities qualify for A+-rated Insurance Wrap
The MMJ Family Resort and Gaming project will be located in the greater Toronto - London, Ontario metroplex, a region supporting a very large and wealthy population draw. This $1.3 Billion Casino and Resort, operating under the sovereignty of the Oneida Indian Nation, is shovel ready and partnered with MMJ, who will build and manage the operation.
MMJ has a 43 year long track record and successful history of construction and management of partnering with Sovereign Indigenous nations, having developed 27 Native American casinos throughout the USA and Canada.
On May 31, 2021, The Oneida Nation of the Thames Elected Council made the final decision and approved the Oneida Family Destination Resort to move forward. Draft calculations suggest a gaming revenue capture figure during the first full year of full operation of $493Million(CAD) and patrons of 4.3 million.
The objective is to create an all-weather destination that provides a mix of attractions that overwhelm present and future regional competition.
The London-Toronto area is described as being at the tip of the 12th largest mega region with a 22 million population and an economy of ½ Trillion dollars. It spans from London Ontario to Quebec City and down to Buffalo NY.
USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
---|---|---|---|---|---|
Turnover | 332,152,000 |
365,367,000 |
383,636,000 |
395,145,000 |
406,773,000 |
EBITDA | 116,882,000 |
139,476,000 |
149,659,000 |
154,148,000 |
158,773,000 |
% | 35 |
38 |
39 |
39 |
39 |
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