Learn from the experts.  This section will contain helpful advice, hints and tips all about the trials, tribulations and sometimes complications that can develop when either buying or selling a casino.  How would you go about selling your casino or finding a qualified casino broker to help guide you through the purchasing process?  There are two types of individuals that are vulnerable:

The uneducated casino buyer                The uneducated casino seller

Euro-Asia Casino Consultants have worldwide relationships with highly qualified individuals and organizations that specialize in every aspect of buying or selling a casino.  Our goal is to educate you and to help make the entire process as simple, fair and as uncomplicated as possible for both the buyer and the seller.  Obviously due diligence is still required on both sides.  However, we can help streamline the process and keep it as simple and straight forward as possible to help minimize the various expenses that can add up quickly.  We are fully capable of acting as either the owner's or the buyer's representative during the investigatory phase or during the negotiation phase to help bring about fair value and closure on a timely basis.

There was a famous book written several years ago titled "Learn to Swim with the Sharks without getting Eaten Alive".  Euro-Asia Casino Consulting can help you to learn to swim.  There are many people out there constantly looking for the pot of gold at the end of the rainbow but unfortunately that story is a myth.  The same myth holds true about every casino being a gold mine.  Don't believe it.

Don't take chances.  Talk to the professionals first and don't fall into the trap of believing myths, rumors, hype or false promises. All transactions or discussions are held in the strictest of confidence at all times. Please contact us for additional information about our casino consulting services.  We are a leading casino consultant that specializes in all aspects of casino mergers and acquisitions and casino marketing, both domestic and international casino marketing, focusing on global casino consulting projects.

See Examples:

NEW Opportunities:

Gaming Ship For Sale:

Please be advised that this ship is approximately 210 feet long and it has 4 decks.

The ship has one elevator that goes from deck one to deck four.

It has a full galley/kitchen that can serve 1000 passengers; 800 passenger capacity.

The ship is fully operational and is foreign flagged not US flagged. Well maintained.

The ship is fully wired for Bally’s tracking system for both tables as well as slots.

The ship is fully wired for surveillance system but still in need of installation.

It can be operational within 45 days. Final gaming configuration is flexible.

Estimated sale price: US $5 - $6 million range. Replacement costs US $30 mil

We have the complete Marine Survey just completed in July 2011.

Contact Steve Karoul at Euro-Asia Consulting for more information.

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2 Small Land Based Casinos for Lease Purchase – Antigua, very reasonably priced due to owners declining health

Location:             Antigua – private gated casino located immediately adjacent to Sandals Resort http://www.sandals.com/main/antigua/an-home.cfm  Video Tour: http://www.youtube.com/watch?v=mt2Epqhb-8I

Casino:               15 Tables (7 BJ convertible tables, 2 Roulette with 2 Chipper Champs, 2 Caribbean Stud Poker, 1 Craps and 3 Texas Hold’em tables)

                           128 Slots – decent mix, mostly IGT’s I-Game pluses, 30 multi-screen Game Kings

Surveillance:      Dallmeier System – 24 hour surveillance with 48 cameras with pan tilt and zoom.  Remote review capabilities for absentee owner.

Sports Book:      Vegas style automated sports book to accept all action from Las Vegas.

Beverage:          No food but very nice liquor operation which caters to Sandals resort crowd.

Fit out:             Up market, 15,000 sq. ft. includes Corinthian capital columns, Johnny Versace Fleur de Lis carpet, Venetian marble, all counters are Black Galaxy Granite, two beautiful large Austrian crystal chandeliers,  FG Wilson 225 KVA generator to generate own electricity, 80 tons of air conditioning. Casino is self-contained and sits on 1.3 acres of land with plenty of parking for the public entrance.  The private gated entrance is very appealing to Sandals resort guests.  Sandals has 378 rooms in two sections.  Mediterranean Village Tower is adjacent to the casino and has concierge and butler service for an upmarket clientele with five star suites and villas costing up to US $2,000 per day.  Sandals Grande Antigua has all the resort amenities including Spa, five restaurants, largest pool in the Caribbean, etc. 

Financial:         Three year lease purchase option.  US $500,000 down payment with additional $500,000 payable monthly over the first 12 months.  Second and Third year = US $ 1million payable in advance each year.  Fourth year, either renegotiate the lease or purchase the property.  (Negotiable with lease payments credited towards the purchase.  Owner may be willing to take 50% of the mortgage for the right operator).  Asset sale only.  Seven years remaining on corporate tax holiday. Purchase price for land, building and equipment is US $13 million.  Note: the same owner also owns a second casino property for sale that is currently closed but is magnicient and has the footings in the ground for a 60 room boutique VIP hotel or time-share development.  There is contiguous land available for sale for an additional 200 units or a total of 260 units. Sale price for land, building and equipment is US $ 17 million (property is beautiful and very unique).

                   Note: CLICK HERE for 2008 summary of the second casino property.  Information may not be valid or correct and will need to be verified by potential buyers. This will show building, location and potential for new owner.                                   

                               Some additional information that may be helpful for review of the second casino property:

                       http://www.youtube.com/watch?v=MY3wnCW44EE  and http://www.antiguaestates.com/details.asp?ID=189   This property is closed but has security to protect the asset.  Footings are in the ground for 60 room timeshare or boutique hotel.

Annual License  Currently is EC $50,000 per year.

Fee:

Work Permits:    Some availability for key personnel who will serve as instructors to local staff.

Note:               Casino is currently an active operating casino functioning seven days per week approximately 9 to 10 hours per day.  Sandals Resort has been operating at almost 95% occupancy despite the current economy due to aggressive marketing.  The casino has upside potential for a good operator who understands casino marketing and who may want to also run some junkets as well as local marketing campaigns. 

                         Estimated current operating expenses:

                                    Local payroll = US $15,000 every two weeks

                        Other operating expenses combined = US $3,000 per day to breakeven to cover utilities, insurance, labor and debt service or need to win $90,000 per month to breakeven.  Owner is currently making a profit with very little  marketing mostly from Sandals customers and some local business.

                                    Antigua has 8 to 9 jumbo jets per week from Europe and good fight service from North America.  Overall tourism on the island is still pretty good.

For additional information, contact Steve Karoul - skaroul@comcast.net

 YouTube Casino video: http://www.youtube.com/watch?v=5HJHhinwovU&feature=related