Get ready to set sail on America's biggest and best casino cruise ship!
With twice-a-day sailings, this gambling ship offers over 600 of the latest and greatest slot machines and 27 of the most thrilling LIVE casino table games.
The casino offers its' State the only LIVE roulette and LIVE craps tables, as well as other LIVE table casino card games like Blackjack, 3 Card Poker, Ultimate Texas Hold 'Em, Let It Ride, and EZ Bac.
They've got Bingo and a Sportsbook for all sports fans out there!
Away from the tables, there is superb food served in the onboard restaurant, 5 bars onboard, 2 dining rooms, a true Sportsbook Lounge, and a big entertainment lounge to keep everyone entertained.
The maximum capacity is 1,350 passengers over 4 decks of casino fun and excitement.
This is an investment into a Full Shipboard class 3 Casino. The casino has been operating for over 10 years and currently employs 350 personnel.
The company bank account is with Marine Bank & Trust and holds a cash sum of over $ 4.5 million which is required to operate the casino. There are audited accounts from 2012.
Currently, the 12-month trailing EBITDA is $ 2.3 million which is a consequence of the COVID pandemic. Previously the highest 12-month EBITDA was $ 7.3 million.
The CEO is looking for private financing of $15 million to purchase 100% of the company and all assets. A recent appraisal valued the company at $22 million.
The investment is to be returned within 2 to 4 years (rate 70% of EBITDA) and the investor will retain a 40% equity in the company.
Use of Funds
To increase the market share and the EBITDA to a new high the CEO intends to-
This is a unique opportunity to invest in an established USA casino and not have the burden of the operational side.
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