Exhibit 10.25

Loan Agreement between the Registrant and Source
Capital/TPM Holding, Inc., and Promissory Note, dated March
1995.



<PAGE>

                       ADDITIONAL ADVANCE PROMISSORY NOTE

$500,000.00                                                    Las Vegas, Nevada
                                                               March _____, 1995

     The  undersigned,   jointly  and  severally  ("the  Borrower"),  for  value
received,  hereby  promise  to pay to the  order of SOURCE  CAPITAL  CORPORATION
("Lender")  the  principal  sum of Five  Hundred  Thousand  and  No/100  Dollars
($500,000.00) and to pay interest on the unpaid principal hereof,  from the date
hereof  until the  principal  hereof is paid or renewed,  at the rate of fifteen
percent (15%) per annum,  together with all costs and fees, including reasonable
attorneys'  fees incurred by Lender in enforcing the  obligations  of this Note.
The  principal  hereof  and  interest  hereon  are  payable to Lender at 9016 E.
Indiana,  Suite 200,  Spokane,  Washington  99212 or at such other  place as the
Lender may direct,  in such coin or currency of the United  States of America as
at the time of  payment  shall be legal  tender  for the  payment  of public and
private debts. Principal and interest shall be advanced and payable as follows:

          a.  Concurrently  with the  execution  hereof,  Lender  shall  advance
     Borrower up to the sum of  $200,000.00,  less Lender's loan costs as agreed
     to by and between Borrower and Lender.

          b.  Upon  Borrower's  request,  but in  Lender's  sole  and  exclusive
     discretion,  on or about  April , 1995,  Lender  may  advance  Borrower  an
     additional sum up to $300,000.00,  less Lender's loan costs as agreed to by
     and between Lender and Borrower.

          c. Each advance hereunder,  as of the date hereof, shall bear interest
     at the rate of fifteen percent (15%) per annum.

          d. All payments  received  hereunder  shall be applied  first  against
     costs, then against interest, and then against principal.

          e. In all  events,  the entire  balance,  both  principal  and accrued
     interest, shall be due and payable no later than June 25, 1995.

     The undersigned shall have the right at any time to prepay the whole or any
part  hereof, but any such  additional  payments  shall be  credited  first upon
accrued interest and then upon principal.

     This Note is secured by a Deed of Trust  ("Deed of Trust")  executed  on or
about June 10, 1994,  encumbering  property located in Clark County,  Nevada, to
which reference is hereby made for a description of the nature and extent of the
security provided thereby and the rights and limitations of rights of the Lender
and of the Borrower in respect of such security.

     If default be made with respect to any payment  herein  provided for, or in
case of an event  of  default  (as  defined  in the  Deed of Trust or any  other
document executed in connection therewith or


                                      -1-
<PAGE>

referred to  therein,  to secure  this Note,  collectively  referred to as "Loan
Instruments")  shall occur,  the principal of this Note and any accrued interest
and all other indebtedness  secured or to be secured thereby may be declared due
and payable in the manner and with the effect provided in the Loan Instruments.

     If  default  be made in the  payment  of  principal  or  interest  when due
hereunder,  or if default be made  under any of the Loan  Instruments  and after
notice as provided in said security  documents,  if any, at the option of holder
of this note, the whole amount then unpaid shall be due and collectible, whether
due by lapse of time or not, and the same shall  thereafter bear interest at the
rate of nineteen percent (19%) per annum.  Failure to exercise this option shall
not constitute a waiver of the right to exercise the same at any other time.

     In the event that  Borrower  defaults  with  respect to any payment  herein
provided  for  or in  case  of an  event  of  default  under  any  of  the  Loan
Instruments,  the Lender shall have the right,  at the  Borrower's  expense,  to
retain an attorney or collection agency to make any demand,  enforce any remedy,
or otherwise protect its rights under this Note and the Loan  Instruments.  The
Borrower hereby promises to pay all costs,  fees and expenses so incurred by the
Lender,  including,  without  limitation,  reasonable  attorneys'  fees (with or
without  arbitration or  litigation),  arbitration  and court costs,  collection
agency charges,  notice expenses and title search  expenses,  and the failure of
the defaulting  Borrower to pay the same shall, in itself,  constitute a further
and  additional  default.  In the event  that suit or action or  arbitration  is
instituted  by the  Lender to  enforce  this Note or any  rights  under the Loan
Instruments,  the  Borrower  hereby  promises  to pay,  in addition to costs and
expenses  provided by statute or  otherwise,  such sums as the court may adjudge
reasonable as  attorneys'  fees in such  proceeding  and on any appeals from any
judgment  or  decree  entered  therein  and the costs  and  attorneys'  fees for
collection of the amount due therein. Time is of the essence. All reimbursements
and payments  required by this paragraph shall be immediately due and payable on
demand. The Makers, Borrowers, drawers and endorsers severally waive presentment
for payment, protest, notice of protest and notice of nonpayment of this Note.

                         DEBBIE REYNOLDS MANAGEMENT
                         COMPANY, INC., formerly known as DEBBIE
                         REYNOLDS HOTEL & CASINO, INC.

                         By: _____________________________

                           Its: __________________________

                         DEBBIE REYNOLDS RESORTS, INC.

                         By: _____________________________

                           Its: __________________________


                                      -2-
<PAGE>


AFTER RECORDING, RETURN TO:

MICHAEL D. CURRIN
Witherspoon, Kelley, Davenport & Toole 
422 West Riverside, Ste 1100
Spokane WA 99201-0390

                        ADDITIONAL ADVANCE MODIFICATION
                                OF DEED OF TRUST

     THIS MODIFICATION  AGREEMENT is entered into this _ day of March,  1995, by
and between DEBBIE REYNOLDS MANAGEMENT  COMPANY,  INC., formerly known as DEBBIE
REYNOLDS HOTEL & CASINO,  INC. and DEBBIE REYNOLDS RESORTS,  INC.,  (hereinafter
referred to as "Borrower"), and SOURCE CAPITAL CORPORATION (hereinafter referred
to as "Lender").

                                    RECITALS

     1. On or about June 13, 1994,  Borrower  made,  executed  and  delivered to
Lender its Promissory Note, in writing,  in the original principal amount of One
Million Dollars ($  1,000,000.00)  together with interest  thereon at a variable
rate (hereinafter referred to as the "Note").

     2. At the same time as the execution and delivery of the Note, and in order
to secure repayment of the same,  Borrower executed,  in favor of Lender, a Deed
of Trust (hereinafter referred to as ("Deed of Trust"), encumbering certain real
property  located  in  Clark  County,  Nevada,  (the  "property"),  and  legally
described as follows, to-wit:

               See Exhibit "A" attached hereto and by this reference made a part
               hereof.

The Deed of Trust was  thereafter  recorded  under Clark County  Instrument  No.
00816 ill Book 940615, records of Clark County, Nevada.

     3. On or about December 1, 1994,  Borrower made,  executed and delivered to
Lender its Promissory Note in the original  principal  amount of One Million One
Hundred  Thousand and No/100  Dollars ($  1,100,000.00),  together with interest
thereon at a variable  rate, the repayment of which was secured by an additional
Deed of Trust encumbering the property  (hereinafter  referred to as the "Second
Note" and "Second  Deed of Trust",  respectively).  The Second Deed of Trust was
recorded on or about December 2, 1994, as Instrument No. 01626,  in Book 941202,
records of Clark County, Nevada.


                                      -1-
<PAGE>

     4. Borrower has requested that Lender advance it additional  funds, up to a
maximum additional amount of $500,000.00, the repayment of which will be secured
by the Deed of Trust.  Lender is willing to make the advance to  Borrower,  upon
the  terms  and  conditions  set  forth  herein  and in the  Additional  Advance
Promissory  Note, to be executed  concurrently  herewith by Borrower in favor of
Lender.

     5. The Note,  Deed of Trust,  Second Note,  Second Deed of Trust,  and this
Modification Agreement,  and any other document executed in connection therewith
or referred to therein, may hereinafter be referred to as the "Loan Documents."

     NOW, THEREFORE, in consideration of their mutual benefits contained herein,
and other good and valuable consideration,  the receipt and sufficiency of which
are hereby acknowledged, Borrower and Lender hereby agree as follows:

     A. Concurrently with the execution of this Modification Agreement, Borrower
shall  execute  and  deliver  its  Additional  Advance  Promissory  Note  in the
principal  amount of Five  Hundred  Thousand and No/100  Dollars  ($500,000.00),
together with interest thereon at the rate of fifteen percent (15%) per annum. A
true and correct  copy of the  Additional  Advance  Promissory  Note is attached
hereto as Exhibit "B".

     B.  the  payment  and  performance  of  Borrower's  obligations  under  the
Additional Advance Note shall be secured by the Deed of Trust and Loan Documents
and in event of  default by  Borrower  in the  payment  and  performance  of the
Additional  Advance Note shall entitle Lender to all the rights and remedies for
default under the Deed of Trust and Loan Documents.

     C. The Deed of Trust and Second Deed of Trust shall  continue to secure the
payment and  performance  of  Borrower's  obligations  to Lender under the First
Note, Second Note, and the Loan Documents.

     D. In the event  Borrower  shall,  it any time,  be or have been in default
hereunder  or under  the  Loan  Documents,  Lender  shall  have the  right,  at
Borrower's  sole  expense,  to enter  upon  the  property,  either by itself or
through  its  agent,  for the  purpose of  conducting  an MAI  appraisal  of the
property.  The cost of the  appraisal  shall be payable by Borrower to lender on
demand,  and shall bear  interest at the Note rate.  It is expressly  agreed and
understood by Borrower that the  occurrence of such a default shall be deemed to
increase Lender's risk hereunder, thereby creating a need for Lender to have the
information contained in an MAI appraisal of the property.

     E. It is agreed and understood  that all of the  agreements,  covenants and
conditions of the Loan Documents  shall remain in full force and effect,  except
for the amendments and modifications expressly mentioned herein.


                                      -2-
<PAGE>


     F.  Nothing  herein  contained  shall in any manner  effect the validity or
priority  of the lien  established  by the Deed of Trust or the  Second  Deed of
Trust encumbering the Property referred to in Paragraph 2 above.

     G. The recitals set forth in Paragraphs 1 through 5 above are  incorporated
into the substantive provisions of this Agreement.

     H. Borrower  acknowledges  that oral agreements or oral commitments to loan
money,  extend credit or to forebear from enforcing  repayment of a debt are not
enforceable under Washington law.


                    BORROWER:

                         DEBBIE REYNOLDS MANAGEMENT
                         COMPANY, INC., formerly known as DEBBIE
                         REYNOLDS HOTEL & CASINO, INC.

                         By: _____________________________

                           Its: __________________________


                         DEBBIE REYNOLDS RESORTS, INC.

                         By: _____________________________

                           Its: __________________________

                  LENDER:

                        SOURCE CAPITAL CORPORATION

                        By: /s/ James Kirschbaum
                            --------------------------------
                        Its:  Executive Vice President
                              ------------------------------


                                      -3-
<PAGE>


STATE OF NEVADA          )
                         ) ss.
County of                )

     I certify that I know or have satisfactory evidence that  _________________
signed this instrument, on oath stated that he/she was authorized to execute the
instrument and  acknowledged it as  ________________________  of DEBBIE REYNOLDS
MANAGEMENT COMPANY,  INC., to be the free and voluntary act of such corporation,
for the uses and purposes mentioned in the instrument.

     DATED: March _______, 1995.

                              --------------------------------------------
                              Notary Public in and for the State of Nevada
                              Residing at:________________________________
                              My commission expires:______________________

STATE OF NEVADA          )
                         ) ss.
County of                )

     I   certify   that   I   know   or   have   satisfactory    evidence   that
___________________  signed  this  instrument,  on oath  stated  that he/she was
authorized    to   execute   the    instrument    and    acknowledged    it   as
______________________  of DEBBIE  REYNOLDS  RESORTS,  INC.,  to be the free and
voluntary act of such  corporation,  for the uses and purposes  mentioned in the
instrument.

     DATED: March _______, 1995.

                              --------------------------------------------
                              Notary Public in and for the State of Nevada
                              Residing at:________________________________
                              My commission expires:______________________



                                      -4-
<PAGE>


STATE OF WASHINGTON      )
                         ) ss.
County of Spokane        )

     I certify that I know or have  satisfactory  evidence that JAMES KIRSCHBAUM
signed this instrument, on oath stated that he/she was authorized to execute the
instrument and acknowledged it as E.V.P. of SOURCE CAPITAL  CORPORATION.,  to be
the free  and  voluntary  act of such  corporation,  for the  uses and  purposes
mentioned in the instrument.

     DATED: March 27, 1995.

                                /s/: Sharon Frank
                                ------------------------------------------------
                                Notary Public in and for the State of Washington
                                Residing at: Spokane, Washington
                                My commission expires: 3-22-98



                                      -5-
<PAGE>

                                  EXHIBIT "A"


PARCEL 1:

That portion of the Southeast  Quarter (SE 1/4) of Section 9, Township 21 South,
Range 61 East, M.D.M., Clark County, Nevada described as follows:

COMMENCING at the Southeast Corner of said Section 9;
THENCE North 04(dg)39'10" West along the East line of said Section 9, a distance
of 702.66 feet to the Northeast corner of that certain parcel of land described
by "Corporation Grant Deed" to Walter S. Hunsaker, et ux, recorded March 24,
1949 in Book 59 of Deeds, page 504 as Instrument No. 30674S in the Clark County
Recorder's Office, Clark County, Nevada; THENCE North 89(dg)05'00" West along
the North line of said Parcel of land, 258.90 feet to a Southeast corner of that
certain parcel of land described by "Corporation Grant, Bargain, Sale Deed" to
Clifford A. Jones, et al, recorded December 4, 1951 in Book 65, Page 461 of
Deeds as Instrument No. 378222 in the Clark County Recorder's Office, Clark
County, Nevada; THENCE North 00(dg)11'23" East, 234.86 feet to a point on the
Southerly right of way line of Convention Center Drive (80.00 feet wide); THENCE
North 89(dg)24'14" West along said right of way line 1237.25 feet to the Point
of Beginning, which bears South 89(dg)24'14" East, 100.00 feet from the
Northwest corner of said Jones Parcel; THENCE South 02(dg)53'34" East parallel
with the West line of said Jones Parcel, 277.78 feet to a point on the South
line of said Jones Parcel; THENCE South 88(dg)58'00" East along the South line
of said Jones Parcel, 237.25 feet to the Northwest corner of that certain parcel
of land described by "Corporation Grant, Bargain, Sale Deed" to T.M. Griss, et
ux, recorded February 13, 1952 in Book 66 of Deeds, page 26, as Instrument No.
380912 in the Clark County Recorder's Office, Clark County, Nevada; THENCE
continuing South 88(dg)58'00" East along the North line of said Griss Parcel,
219.18 feet to the Northeast Corner of "Desert Inn Condominiums" as shown by map
thereof on file in Book 26, page 86 in the Clark County Recorder's Office, Clark
County, Nevada; THENCE South 03(dg)51'03" East along the East line of said
tract, 601.57 feet to a point being 50.00 feet North of the South line of said
Section 9 and being on the Northerly right of way line of Desert Inn Road (90.00
feet wide); THENCE South 89(dg)06'04" East along said right of way line, 127.16
feet; THENCE curving to the left along a 25.00 foot radius curve , concave
Northwesterly, through a central angle of 95(dg)11'28", an arc length of 41.53
feet to a point on the Westerly right of way line of Mel Drive (Varying width);
THENCE along said right of way line, the following Three (3) courses, North
04(dg)17'32" West, 212.70 feet to an angle point in said right of way line;
THENCE North 03(dg)16'28" West, 361.01 feet to a point on the South line of the
aforementioned Jones Parcel; THENCE North 02(dg)14'14" West, 268.01 feet; THENCE
curving to the left along a 1S.00 foot radius curve, concave Southwesterly,
through a central angle of 87(dg)10'00", an arc length of 22-82 feet to a point
on the aforementioned Southerly right of way line of Convention Center Drive;


                                                                     Page 1 of 3


<PAGE>



THENCE North 89(dg)24'14" West along said right of way line, 601.44 feet to the
Point of Beginning.

EXCEPTING THEREFROM that portion as conveyed to Clark County in a Deed recorded
September 2, 1993 in Book 930922 of Official Records, Clark County, Nevada
Records, as Document No. 00213, and described as follows:

COMMENCING at the South Quarter Corner (S 1/4 cor.) of said Section 9; THENCE
along the South line of the Southeast Quarter (SE 1/4) of said Section, South
89(dg)21'56" East, 1691.65 feet; THENCE North 04(dg)06'59" West, 50.17 feet to
the Southwest Corner of said Parcel, being the True Point of Beginning; THENCE
along the West line of said Parcel, North 04(dg)06'59" West, 15.02 feet; THENCE
South 89(dg)21'56" East, 127.03 feet to a point of curvature; THENCE along a
curve to the left having a radius of 25.00 feet through a central angle of
95(dg)12'00", an arc length of 41.54 feet (chord North 43(dg)02'04" East 36.92
feet), to a point of tangency on the West right of way line of Mel Avenue;
THENCE along said line South 04(dg)33'56" East, 15.06 feet to a point of
curvature; THENCE along a curve to the left having a radius of 25.00 feet
through a central angle of 95(dg)21'00", an arc length of 41.54 feet (chord
South 43(dg)02'04" West 36.92 feet) to a point of tangency on the North right of
way line of Desert Inn Road; THENCE along said line North 89(dg)21'56" West,
127.14 feet to the True Point of Beginning.

ALSO EXCEPTING THEREFROM that portion of the Southeast Quarter (SE 1/4) of
Section 9, Township 21 South, Range 61 East, M.D.M., Clark County, Nevada
described as follows:

COMMENCING at the Southeast corner of said Section 9; THENCE North 89(dg)06'04"
West, along the South line thereof, 863.25 feet; THENCE North 04(dg)17'32" West,
departing said South line, 651.78 feet;

THENCE   North    88(dg)58'00"    West,  3.63 feet;
THENCE   North    02(dg)14'14"    West,  250.69 feet;
THENCE   South    87(dg)45'46"    West,  152.35 feet to the Point of Beginning;
THENCE   South    00(dg)29'26"    West,  9.90 feet;
THENCE   North    89(dg)30'34"    West,  3.25 feet;
THENCE   South    00(dg)29'26"    West,  84.00 feet;
THENCE   South    89(dg)30'34"    West,  10.60 feet;
THENCE   South    00(dg)29'26"    West,  19.85 feet;
THENCE   North    89(dg)30'34"    West,  11.97 feet;
THENCE   North    00(dg)29'26"    East,  81.80 feet;
THENCE   South    89(dg)30'34"    East,  29.40 feet;
THENCE   South    00(dg)29'26"    West,  8.50 feet;
THENCE   South    89(dg)30'34"    East,  4.75 feet;
THENCE   North    00(dg)29'26"    East,  7.60 feet;
THENCE   South    89(dg)30'34"    East,  10.60 feet;
THENCE   North    00(dg)29'26"    East,  6.00 feet;
THENCE   South    89(dg)30'34"    East,  91.22 feet;
THENCE   North    00(dg)29'26"    East,  5.30 feet;
THENCE   South    89(dg)30'34"    East,  13.65 feet;
THENCE   North    00(dg)29'26"    East,  9.90 feet;
THENCE   South    89(dg)30'34"    East,  18.80 feet to the True Point of
Beginning.

                                  Page 2 of 3


<PAGE>



PARCEL 2:

That portion of the Southeast Quarter (SE 1/4) of Section 9, Township 21 South,
Range 61 East, M.D.M., Clark County, Nevada described as follows:

COMMENCING at the Southeast corner of said Section 9;
THENCE North 89(dg)06'04" West, along the South line thereof, 863.25 feet;
THENCE North 0401713211 West, departing said South line, 651.78 feet;
THENCE   North    88(dg)58'00"     West,  3.63 feeT;
THENCE   North    02(dg)14'14"     West,  250.69 feet;
THENCE   South    87(dg)45'46"     West,  152.35 feet to the Point of Beginning;
THENCE   South    00(dg)29'26"     West,  9.90 feet;
THENCE   North    89(dg)30'34"     West,  3.25 feet;
THENCE   South    00(dg)29'26"     West,  84.00 feet;
THENCE   South    89(dg)30'34"     West,  10.60 feet;
THENCE   South    00(dg)29'26"     West,  19.85 feet;
THENCE   North    89(dg)30'34"     West,  11.97 feet;
THENCE   North    00(dg)29'26"     East,  81.80 feet;
THENCE   South    89(dg)30'34"     East,  29.40 feet;
THENCE   South    00(dg)29'26"     West,  8.50 feet;
THENCE   South    89(dg)30'34"     East,  4.75 feet;
THENCE   North    00(dg)29'26"     East,  7.60 feet;
THENCE   South    89(dg)30'34"     East,  10.60 feet;
THENCE   North    00(dg)29'26"     East,  6.00 feet;
THENCE   South    89(dg)30'34"     East,  91.22 feet;
THENCE   North    00(dg)29'26"     East,  5.30 feet;
THENCE   South    89(dg)30'34"     East,  13.65 feet;
THENCE   North    00(dg)29'26"     East,  9.90 feet;
THENCE   South    89(dg)30'34"     East,  18.80 feet to the True Point of
Beginning.








                                  Page 3 of 3