Investor Presentaiton
New Opportunity - Paragon Casino Resort
Tunica-Biloxi Tribe Background
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Tunica and Biloxi tribes have lived on their reservation near Marksville,
Louisiana for over two centuries
With assistance of Grand Casinos, opened first land-based casino in the
state in June 1994
Resort includes: 1,600 slots, 45 tables, 9 poker casino floor; 534 rooms
over two towers; 36,000 of meeting space which seats 2,500 for
entertainment; 18-hole U.S. Open golf course, spa, 3 movie theatres,
retail, multiple F&B options; employs ~1,800 employees
Due to new competition in Baton Rouge/Alexandria in 2012/2013, the
resort failed to pay debt service in 2015 & is seeking new management
Opportunity
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In April 2016, MTGA entered into an agreement with the T-B Tribe to a
consulting and management contract:
TUNICA-BILOXI
TRIBE OF LOUISIANA
1-year fixed fee consulting agreement for $2.7M, a
portion of which can be deferred, followed by a
5-year management contract for 30% of NIGC defined
Net Revenues
Consulting agreement signed in April 2016; management agreement after
1 year subject to licensing, completion of RSA
Marksville
Hotel
Mohegan Sun
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