Hotel and Casino | London, Ontario - CTC

Engaged
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 Chippewa 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, The Indian Nation Elected Council has made the final decision and approved the 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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