Newly Established Casino Equity Stake For Sale in Vavuniya, Sri Lanka
Upcoming casino in Vavuniya offering diverse gaming options, seeking investment for project completion.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Casinos |
| Locations | Vavuniya |
| Local Time | 5:40 AM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
1.62 million
for
12.0%
stake
(Native Currency: LKR 500,000,000)
Reason: Seeking investment for the completion of the construction, hire the casino dealers and procurement o...
View More
Includes physical assets worth
USD
1.62 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Certificate of Incorporation
(547.9 KB)
Business Overview
- Upcoming casino strategically located near Jaffna Airport and the Tamil Nadu border, with no competitors in the vicinity, offering a unique market opportunity.
- The project currently has 10% of construction completed and anticipates full completion within 3 months post-funding acquisition.
- The owner brings a wealth of experience from operating an online casino, aiming to transfer this expertise to the physical casino space.
- The casino is licensed to offer a wide range of gaming activities, including blackjack, baccarat, sic bo, andar bahar, dragon tiger, poker, rummy, bingo, and various betting options.
- A significant portion of revenue is expected from slot machines, which are typically the largest revenue generators in casinos.
- Table games like blackjack and poker will also contribute substantial revenue, leveraging the built-in house edge.
- Additional revenue will be garnered from poker tournaments, via entry fees and a percentage raked from cash games.
- The project currently has 10% of construction completed and anticipates full completion within 3 months post-funding acquisition.
- The owner brings a wealth of experience from operating an online casino, aiming to transfer this expertise to the physical casino space.
- The casino is licensed to offer a wide range of gaming activities, including blackjack, baccarat, sic bo, andar bahar, dragon tiger, poker, rummy, bingo, and various betting options.
- A significant portion of revenue is expected from slot machines, which are typically the largest revenue generators in casinos.
- Table games like blackjack and poker will also contribute substantial revenue, leveraging the built-in house edge.
- Additional revenue will be garnered from poker tournaments, via entry fees and a percentage raked from cash games.
Products & Services Overview
The upcoming casino will offer:- Slot machines.
- Table games.
- Poker tournaments and cash games.
- Bingo and betting options.
Target clients:
- Tourists and locals.
- Casual gamblers.
- Experienced gamblers.
- Social groups.
Assets Overview
- Physical assets include owned land of half acre.- Intangible assets are casino license and IRD TIN.
Facilities Overview
Owned land of half acre, located in Vavuniya, close to the Jaffna airport.
Capitalization Overview
- Sole proprietorship business.- The owner has already invested LKR 500 million for obtaining the license.
Recent Activity
-
Earlier than 15 daysDirector, IT Gaming, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder, IT, Hyderabad, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Casino Investment Opportunity in Vavuniya, Sri Lanka
·Invest in Newly Established Casino in Vavuniya, Sri Lanka
·Newly Established Casino Investment Opportunity
·Investment Opportunity in Vavuniya, Sri Lanka
·Invest in Newly Established Casino
·Invest in Vavuniya, Sri Lanka
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor contacted this Business this month.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 63,500+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses