Resort and Casino Entertainment Center Mississippi USA - RTL

The Casino Resort will be the newest gaming and family destination resort in Tunica, Mississippi and will be constructed on the 123 acres of property of the original Harrah’s Casino. The Resort is a hybrid concept providing family as well as adult entertainment engaging all age groups with targeted venues within the resort similar to that of a high end cruise ship. The sponsor and its professional associates, EPC, architects and gaming management, represent a vast wealth of experience in the gaming industry and are requesting $256M in funding and have over $20M in the project to date. The existing hotel will be completely refurbished offering 227 rooms with 1,733 parking spaces. The neighboring Welcome Inn will also be acquired, adding an additional 100 rooms and 2 acres to the project. Currently the market is comprised of a multi-level floating barges, but the Mississippi state law was modified in 2005 (after Hurricane Katrina) to allow for construction of casino gaming floors on permanent pilings (non-riverboat or barge) As the “Shiny NEW Penny” of the Tunica market, and first-of-its-kind as a ground-based gaming operation. The project will have Vegas-style gaming design where all internal traffic pathways lead to the new 59,000 sq. ft. gaming floor with 1,000 slot machines, 26 table games and the largest integrated state-of-the-art sports book in Tunica.
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
93,929,000
135,589,000
143,378,000
151,383,000
153,959,000
EBITDA
31,151,000
45,775,000
48,949,000
52,157,000
53,157,000
%
33.16%
33.76%
34.14%
34.45%
34.53%
View Executive Summary

Executive summaries and full decks can be viewed only by registered PFX Investors.

Registered Investors, please login to view Executive Summaries.

Not yet registered? Register a new PFX Investor Account.