Bargain Entry into Casino Operations

This property has now been sold. Get in touch if you’d like details on other entry‑level casino opportunities currently on the market.

Investment Opportunity

This is an excellent opportunity for any investor wishing to enter into the casino operations. Although the price is low, the casino has been meticulously set up and managed to earn healthy profits.

Location & Demographics

The casino is situated in the best hotel in the city and enjoys a great working relationship together. The player demographics are majority local Indian, local Chinese, hotel guests and prominent local business people.

Gaming Features

The current total area is 350 sqm, plus large possibilities of expansion on the shopping mall level. Slots are new from Novamatic and on a rev-share with the supplier.

Infrastructure

The Surveillance equipment consists of approx 50 cameras, DVRs, monitors. The Casino Management system is running on ACE which is widely used across Africa and includes the server and Media Pro mystery jackpot. The GM and Admin offices are now upstairs after having built a mezzanine level on top of the staff room.

Current Expenses

• Management and staff salaries (approx $15,000 equivalent)
• Hotel rent (approx $4,500 per month on a 10 years renewable contract with a discount on rooms, food and facilities)
• Tax rate (gaming levies 12.5% on GGR, excise 10%, corporate tax 30%)
• Revenue shares on slots
• Staff accommodation (rent allowance for the two ex-pats)
• Transportation (fuel allowance for the ex-pats)
• Marketing (street poles/ billboards advertising, newspaper/tv ad, social media, play vouchers in the hotel rooms, double-up vouchers, daily cash draws, cashback for the registered members, different tournaments, events on public holidays etc), recurring advertising promotions