Hicks Pension Group

Meridian Development Group (MDG) is an international development consortium specializing in resort and marina development across Mexico and Latin America. With a team of seasoned professionals in finance, marketing, planning, and construction, MDG identifies attractive real estate investment opportunities in soft currency countries and supports client partners in achieving their financial goals. Among its notable projects is the Costa Brava Ocean Club, located on the picturesque Baja California coastline, featuring luxury residential villas, a boutique hotel, and various leisure amenities. Additionally, La Estancia represents a planned retirement and assisted living development in Northern Baja California, while the Pelican Club Marina in the Turks and Caicos aims to cater to the yachting community with a mixed-use residential resort and full-service marina. Generated from the website

Monarch Casino & Resort was established in 1972 as a partnership between David Farahi and his brother-in-law Isaac Poura, when the two purchased the Golden Door Motel in Reno, Nev. In 1983, the motel began operating as a Travelodge franchise. In 1987, the company secured the rights from the City of Reno to place up to 50 slot machines on the property. In 1988, the company renovated and remodeled the property. In 1990, the company moved the motel units and began construction of a 160-room high-rise hotel tower and a low-rise structure containing gaming space with approximately 500 slot machines and 21 table games, an additional restaurant, several bars, a health club and an outdoor pool. Completed in eight months, the hotel casino opened in 1991 as the Clarion Hotel Casino. In 1993, the company was renamed the Monarch Casino & Resort. Monarch Casino & Resort is headquartered in Reno.