Casino Looking for Investment in Goa
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About Business
The company has formed in 2017 based in Goa. The company is into the casino business and they have tied up with the 5 Star Hotel in Goa. The casino finished its construction in June 2018. The casino has the 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 a complete Business plan ready to make it operational but there is short of capital. They are looking for an investment of INR 6 Cr. to INR 10 Cr. in lieu of equity of 30% to 50%.
Clientele type
As of now, we are not operational, so we are not serving any clients.
Premises
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.
Asking Price Includes
50% Stake
Reason
The Business plan is ready and now they need funds through equity to start the operations of the business.
More Details
The business has all licenses and but it’s not currently operational. The casino is valued at INR 20 Cr. with licenses and full infrastructure. They have a complete Business plan ready to make it operational but there is short of capital. They are looking for an investment of INR 20 CR in lieu of equity of 50%. Also, they are open for partly investments as per the equity.
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₹10 to ₹200 Cr
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