Products/Service

The company has formed in 2017 based at Goa. The company is into casino business and they have tied up with 5 Star Hotel in Goa. The casino premise is on 5 years renewable lease. The area is 5,000 sq.ft with monthly rent of INR 12 Lakhs. The company has paid INR 72 lakhs as security deposit.
The casino finished it construction in June 2018. It has all licenses and but it’s not currently operational. The casino has complete infrastructure set up with Restaurant, Bar, etc. and has games like Blackjack, Baccarat, Roulette, Video Poker, Bonus Poker, Bingo, etc. The casino is valued at INR 20 Cr. with licenses and full infrastructure. They have complete Business plan ready to make it operational but there is short of capital. They are looking for investment of INR 6 Cr. to INR 10 Cr. in lieu of equity of 30% to 50%.

Reason

Lack of Funds

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