Investor Presentaiton
4.50x
MTGA Total Leverage Ratio
MTGA's Total Leverage Ratio was 4.80x at 3/31/16
• Total Leverage Ratio is much lower than the US industry average of ~5.8x
6.50x
5.00x
5.50x
6/30/2014
6.00x
6.00x
9/30/2014
5.82x
12/31/2014
5.54x
3/31/2015
5.37x
6/30/2015
5.11x
5.06x
4.93x
22
(1)
(2)
Restricted Group leverage, based on 2013 Credit Facility definition of Total Recourse Debt/ Covenant Adjusted EBITDA
Includes Caesars Entertainment, Las Vegas Sands, Wynn Resorts, Penn National Gaming, Boyd Gaming, Golden Nugget, MGM Resorts, Pinnacle Entertainment, Affinity Gaming, Eldorado Resorts,
MTGA, Station Casinos, Isle of Capri, Golden Entertainment, American Casino, Churchill Downs, and Tropicana Entertainment; with ratios as of their most recent public filing with adjustments
made where applicable
Source: Company financials and public filings.
9/30/2015
12/31/2015
3/31/2016
4.80x
Mohegan Sun
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