• The casino has over 20 tables of Craps, Roulette, Blackjack and Card games. There is a pit management system installed and a state-of-the-art CCTV installation.
• Over 600 slot machines (new) and fully supported with an online slot management system.
• All Machines TITO (ticket in, ticket out) equipped and Ticket Redemption machine installed.
• Two cash desks complete with cash control systems.
• Sports betting area with sportsbook terminals and viewing area.
• Staff rest area.
• Customer bars, restaurants, and dance floors.

The Casino

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.

Banking

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.

EBITDA

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 Funding

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 ROI

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-

• Add more cruises.
• Increase VIP events.
• Introduce new promotions.
• Add more tournaments.

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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