Bernard Saroop

Port of Spain (YUG)
Role(s):
C-Level Executive (CEO, CFO, etc.)

Blackstone Entertainment Limited Trinidad

Find More Startups Startup
Location: Port of Spain, Trinidad
Industry: Entertainment
Year Founded: 2009
Number Employees: 10-50 people
Description: Company Name: Blackstone Entertainment Limited Trinidad Business Type: Casino - Hotel Operations New Business Capital Required $150,000,000.00 USD Investment Type: Equity Year 1 -1% Year 2 - 15% Year 3 - 18% Year 4 - 20% Year 5 - 25% R.O.I Per Annum 12% Interest Period 5 Years Start Date Operations January 5th 2010 Present Status Acquired Building for operations. Need to be refitted to our business operations. Casino License Applied for license. Will be granted on 25th September, 2009 Initial Cost Building Structure and Incidentals Building Refitting $2,500,000.00 USD Furniture & Fixture $3,000,000.00 Land Acq For Expansion $500,000.00 Building Expansion $5,000,000.00 Vehicle Acqu $1,000,000.00 Aircraft leasing per yr $4,000,000.00 Staff Salaries $3,000,000.00 Total $19,000,000.00 Balance $131,000,000.00 USD Summary The casino hotel facility will be operating as an exclusive venture. Our proposal include the hosting of international players and tournaments. This approach will allow the operations to operate in exclusive markets with specific clients around the globe. We anticipate that the venture will be a success for the investors and others. Our executive staff will be recruited from international markets.