Shares In Magnificent Casino For Sale

9868

Situated in the heart of the Northern Cape amongst meat and fruit farmers, this is a magnificent independently owned casino.  Sited on an 18 hole golf course the resort consists of a 60 room 3 star hotel a fully licensed casino and various retail outlets.

As an investment the purchase of shares would be based on the average P.E. of Sun International and Gold Reef Resorts. This has the following advantages:

a) Virtually no gearing whilst Sun International is highly geared and

b) The buyer would have a substantial vote on all business decisions and future requirements.

The company has even in the recessionary times of late 2008 and 2009, still enjoyed a minimum of 7% increase in profits per year

Please note  that the business itself is not for sale only shares to a  maximum of 19% are available for sale

Facilities:

1) A 60 bedroom 3 star hotel and casino with retail in the complex of which 5000m² is under roof 2) 158 slot machines of which 100 are less than 5 years old 3) 7 tables – 2 roulette, 3 blackjack, 1 poker, 1 holdem poker 4) Games smart software system for slots (installed 2010) 5) Hi-tech surveillance system (96 cameras). 6) Buses and other items appertaining to a hotel and casino that are too numerous to mention

Competition:

None in the area

Growth Potential:

The business is situated on a 18 hole Golf Course with a feasibility study planned from early 2011 for the construction of flats and houses on the estate.