Myriad Entertainment & Resorts, Inc.(fka MYRA)

[Rdflagg]

Highlights of report:

Common Stock Balance - June 30, 2008 49,521,821

Mr. Nicholas Lopardo became chairman of the Company on August 9, 2006. Pursuant to Mr. Lopardo's agreement, he is to receive a base salary of $400,000 upon the Company receiving $5 million in financing. At June 30, 2008, a total of $700,000 was accrued pursuant to this agreement. On June 23, 2008 the Board of Directors of the Company approved an amendment to the 2006 Agreement. Pursuant to the Amended Agreement, Mr. Lopardo was granted three million shares of restricted common stock and will receive an additional one million shares of restricted common stock on each of the first three amendment anniversaries
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The Company now owns 99% of Myriad-Tunica. Our vision (all phases of the project) is focused on building the following resort in Tunica, Mississippi:
·Six (6) planned casinos;
·Casino Hotels planned 3,000 rooms;
·Convention Hotel with 1,200 rooms;
·Convention Center (600,000 sq. ft.);
·18-hole signature Golf Course;
·Water/Snow Park;
·Mississippi Eye (observatory);
·Health/Wellness Luxury Spa;
·Gardens;
·5,000 seat performance venue;
·Private labeled restaurants; and
·Retail Mega Mall with attractions tied to the Casinos and Convention Hotel.

On March 7, 2008, we announced that our Board of Directors has approved a collateral and loan term sheet which the Company anticipates will provide up to $675 million in financing for Phase One of the Company’s planned Myriad Resort in Tunica, Mississippi. This term sheet also provides for the funding of all phases of Myriad’s planned development in Tunica, up to $2.5 billion.

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We are focused on raising $675 million to implement Phase One of the Myriad Resort. Although no assurance can be given regarding the Company’s ability to secure Phase One funding, if secured, the Company anticipates utilizing these funds for the following:

·Building out site infrastructure;
·Construction of the first of our six planned casinos;
·Construction of the first 750 rooms casino and convention hotel of our planned 3,000 rooms;
·Construction of the first phase of our Convention Center (30,000 sq. ft.);
·Construction of the 18-hole championship Golf Course;
·Construction of the Water Park;
·Construction of our 25,000 square foot Health and Wellness Luxury Spa; and
·Construction of our private label restaurants


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Its a good read, didnt read it all yet 8)