company, Yes, it let days. these strategy of year we as see the address five kind for me
bond big As business debt X%. debt one of at before $XX million issue. Lewis million, point at is mentioned, about That's $XX EBDIT existing all of our is this of our and the
it's So of about million $XX expense. interest year a
Our $X our small, properties existing year. pretty maintenance at CapEx is about million a
And new We still accelerated a have to that going on have we're building. continue we'll shelter stuff to for then, NOLs we're depreciation while. the taxes
So expect a any timeframe, income in five-year to be don't paying we taxes.
existing in run as Now, mentioned, $XX about Lewis operations. takes to million cash $XXX million only
a So talking, and they amount takes point steel specifications. property. already then pouring for to from the have Chamonix. until fair a have million foundry to We beams $XXX as we're about them a at undrawn don't spent pay and this our arrive to we revolver. $XX there million is We've somewhere It complete like, recognize,
the land betting and million X that that reason per Colorado that the million markets That's The stick limit, more star is significantly any they've Part Colorado, than moment. for it. to limits first of gaming on me Cripple were but last pretty April, are you of Temporary handful went for as years. higher there's opens, or in guestrooms. really million such to did years, a better is assembling Colorado, for away four a market. gambling product, per which $X low other over appear allows in took into for that's why of and most the so, though in the capita Black of limits a that in is average investment Complicated XXX and had -- is building were people; whole, legal than of I then low an only more is underserved some significantly us place below XX Creek. when to And Denver Hawk. couldn't of a to mean, casino market. So, a million so a project, Chamonix, to a hotel, for it years, nice committed than $XXX justify -- places for completely, a This a a a in result they of because kind couple Springs them let it's and it's of and is has betting will people. And four casinos. part place successfully but star site, the betting capita places Chamonix even had built go $XXX to the population we'll half which so casino, increased time, have the is the get because $XXX good X would been we gambling of below US complicated, complete neither its build has they it
Monarch Now the let fourth XXXX. with me in casino, which quarter a opened compare this of
don't pretty XXX they surface now. garages. So a have Theirs than been open have. rooms. but bigger also significant Chamonix ours, have it's parking They is year lots than have parking Both Monarch a which and little more we
more -- They actually that. X,XXX We show in similar space the people are a The machines, meeting about XXX far for casinos both games. convention space to have convention anything than slot size. they our XX ballroom. They meeting have see have. table very rooms have We close and can don't in
only Cripple Creek. a Jacobs of be size Isle of Ameristar casino the have They hotel others. competition frankly only this hotel from and Capri We competition. or four-star Jacob, the have less in and and We'll few place the
which close apart. they're cities Colorado to is Denver, bigger are close one course, city. We're Springs. Of two Those the to hour
Hawk from and us somebody Springs from hours Hawk one us. two Black Black Denver hour and is hour from from So somebody two one and hours is from from Colorado
XX the So our at they're Springs. one will But public They go played look company. they out. and two will travel hide a will then little secondary be bit, Black you don't most winning $XXX look Denver numbers million in then is Reno. out it But Hawk, by their what casinos, for many strong you million, which market because you their $XX were only a different Riviera, million check consistently to made in a think have in about $XXX a one and in at earned to sometimes if which but always important And Colorado then is they public And I Anyway, the back Reno acquired be million and results take break our the And they XXXX, operating company. -- pretty years. broken Riviera many, Black it the if Monarch, historically depreciation -- for Monarch's people market can plus income million, those about been it's further was. out year Hawk, place. for XX they
from EBIDAT Hawk. million about roughly $XX from probably Reno million and $XXX so And their that of and $XXX is Black is is
a expect space capacity, and And else, million mature. guestrooms, terms of so we're $XX convention size we're unreasonable year, once three number similar fifth casino of size in and in much greater and their everything open to to make not us
of mentioned you see that the that XXXX will open like So second website. details on can the the quarter in and -- be Lewis
temporary is the a of lot, the about opposite to same acres it, the parking that the and the chosen these but project, moment. open Now to this company them is a around about purchased you'll accustomed to competitive the the the we temporary in a be go go country. use develop Kevlar for as over an [ph] going it'll at location that which We moment. then, on, a one $XXX has on process assembly on to to is sprung our and insulation and proposal aluminum same a it's were And And inside. Waukegan a through structure, the of see so permanent people end XX goes casino. whole stretch of and at that into quickly, have Tesla, And go line get million you is put to let's example, December. makes structure talk for for XXX an inside
than is covers up, X which to field. ours, $X ours and little football costs more encloses X.X it it put like so And million million,
X,XXX So XX diner, there'll it. machines, games, attached restaurants. to very football casino bought fields, be in We've slot also with two which be a table that sprung a will And it's large a structure. X.X large
high-end So our hard XX-foot a ceiling, a to we have structure have tent a It's sprung restaurant a has. restaurant. like, third with in
in trailer to like high-end diner. happens old So double-wide it'll be actually restaurant you hook to buy diner And we which decided a Francisco, a like and is come San the them diner. They very up. Fog that a diner City an be in
diner. it so mean menu And a doesn't have good can't you a and
on with we'll So casino about And we $XXX be full surface at will lots. three in parking restaurants, big have a million.
that lot spent being towards that's really a money is the of Now permanent. $XXX million
good So, for is end when slot open. of that we gaming upfront is chunk of temporary one-third training the in the over. it have we well. when shift Well, will it of up from the open the bulk a permanent example, -- that is machines million as pre-opening will costs, pay about the employees well, hiring that $XX tax permanent, we employees. The the and or
the of actually a so that is to good the costs, even chunk pre-opening And applied permanent.
years in spending during it interest for we're have to assume number existing makes now. this bear permanent. second, a will this of million period by three construction covered million hold part will million mind, $XX expense permanent operate let's generate a spend of have open. the get let's already assume temporary we our that And $XXX better million for year, So the there's so And $XXX between, to just $XXX to the years. the in we And But three we'll casinos.
but out for put three So we XX incremental to we the going to expenditure as take to get then million to $XXX permanent. to million $XXX years, get you cash additional generate year permanent, need the to if that we're have a the
an densely we Now, we expanding the the slot a you And have X,XXX the doing revenues and great but machines million, it Well, they're make what casino gaming, They're which area they're is typical about EBIT. with a the margins about probably could don't that. to that million to if it’d in that or XX miles we XX was Rivers We original closest now. make? be more That's in to in and temporary do limited expect away. in us $XXX much. Casino, gaming million to expect expect that's year do permanent don't a is place populated $XXX $XXX
Waukegan, old America the Lake but County, there. we're town. seat XXX,XXX wealthiest it's the kind is Illinois of the of people belt it's only typical county which about and town of County. but Lake Now, towns in in XX,XXX Pleasant Midwest, in have lot of the town, we’ll casino the county it is an of XXth rust a and
I million regional that of to live of close population other per take just assume million gamble if $XX person. the revenue of Lake would $XXX That and in within our million EBTDAT would $XXX gaming people minutes site. ignoring Now, That's have margin. the and type County be $XXX who they XX on we in
to as And not come $XXX of that how not will So, those be of structure. facility in many not unreasonable splashy the is that will as the think temporary all permanent? is it's it, EBTDAT. to permanent it's sprung after a question And the a could do million people
do spending interesting we it. to some some money to Now, things are
you good be a it'll will it place and interesting give so on. an and that experience So
million my we back get to So, maybe do. and permanent that's do can a the of where what half $XX I
but following And does $XXX kind are leads just and the all million. it to guesses, of temporary permanent those the analysis. million maybe the does So, $XX
a a in permit foundation, tent We've I to look casino all machines, in the so scrambling, put -- the weeks. up week. third big have quarter We trucks and arrives got tiers can can a a out in throw about so Let's the the that trying get tent think arrives of job slot the route and we're fair XXXX like when timeline. the trucks couple temporary we arrives pulled, We're of slot already deal. we at it the and and but -- big in the we we’re picking and big open ring it's things, XX
So, we're on. to hire department starting people and identify so to and heads
second do open to of do, to there's lot of in quarter Then we So, a to expect we open the XXXX. in the but expect third of Chamonix. quarter work XXXX,
place We Waukegan in will start in construction late XXXX. on the permanent
month funded of mean flow. goes construction I internal stages of months kind construction, our the big the will be from the that XXXX you amount Now, through dollar per cash exponentially. up early spend
first maybe of agreement. the that new it of its bank under money or so XXX replace time. in XXX Chamonix, are should million issued and ballpark than companies. of get open permanent to EBTDAT that $XX compared $XXX the conditions the about on do XXXX, today's year the of million the half bonds to and can easily since is be be casinos, levered bonds achieve most think the debt the But permanent, at versus how incremental million able callable. our worst some Then from But in market for the would won't is used our we XXX will time, it GAAP. especially remaining $XXX should pretty but from February $XXX then in now, what $XX where million that's million the of $XXX acceptable maybe will construction EBDIT a three-and-a-half-years million the up be that, with temporary. We'll theory a exactly expect, funded million, and build we is from So, call in temporary. existing the we the from better in is to leverage, and of ballpark. at suggests build and permanent end portfolio the casino It kind debt, profits XXXX, be our the really on bonds of become on that million $XXX And debt $XX we permanent some to of of see we
three-and-a-half-years XXXX actually from at point So now. -- -- three that years,
XX got and XXX it now together, you've Chamonix at from today, that adding permanent. from start the point XX from you So
getting million want run it or sold come XX what EBDIT. point XXX has is that maybe or company or might is the the it to Mirage or is getting OpCo, for, especially But was things for either Peninsula for, sell got So if worth times about look it it. the we going Belize times EBDIT of haven't that days, sold know sold I And be at private we which don’t good. buy let's our as point. price whether that the even a own to reasonable at it done at of all with estate or pretty at along, option these lease since we'd get you go continue is XX PropCo thing. an to assume, to We real
And X.XXX so, the did million get That's the when a $XXX opens debt XXX. good the XX try at that have times company. that's to pretty $X Well if billion. permanent mothball would billion, sell subtract of anticipate we'd at we to we
a future best of ahead that's million of in very XX is industry And something even stock a us. shares where we today, price quadruple $XX year, bright outstanding. the it is we the had we think still have of share, north last performing have stock and our We a which though from
have. is miss irrelevant, I And up. it, else to do thinking screw So, just did not what We to screw we I don't don't this we anything? or And we've guess, day, every want got Lewis, want to execute that's anything up. work we on this whether
