Kalistani Major History

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Venture Capitalist DelGrosso looks to expand into CasinosSeeks outside investment to turn Odufaray into Gambling haven
Gendaris, Odufaray
November 21, 4491


Odufaray investor Jorge DelGrosso seeks to build casinos

Looking to Kalistan's generous gambling laws, Kalistani businessman and speculator Jorge DelGrosso seeks to expand into the Casino industry. 

"This is an untapped market," says DelGrosso, who is widely considered one of the most successful investors in Kalistan.  "I mean, Kalistan allows people to set up home casinos, but hey, thousands want to play against a house that has some serious dough re mi behind it.  You know what I mean?"

DelGrosso is betting on the casino industry.  "We've run some test houses across Odufaray, and there is definitely an appetite for high stakes gaming in Kalistan.  Over the last three years, our firm has seen net profits increase over 65% and it has allowed us to expand into Neveras and Vrassa.  It's good for the local economy, and it's good for those seeking to have a night out and maybe win a few rubles."

But to open a high stakes casino, DelGrosso admits, more capital is required.  "We have pretty liberal gaming laws in Kalistan, but the law also requires us to have a fairly significant amount of cash in the cage to back all of our own markers.  Right now, my firm, Nova Gaming Holdings could in theory cover half a night's loss in a big joint, but that won't be enough to keep the lights on if we get hit bad in a day.  So naturally, I'm looking for partners.  And naturally, I'm not looking for small-time partners.  No meat and potatoes crowd here.  I need big fish with big vision."

Ultimately, DelGrosso wants to turn Gendaris into a gaming center for the region.  "Tourist money is fantastic.  We want to build a massive new casino and resort to take advantage of the beautiful weather and scenery of my hometown.  Along with the casino, of course, we would need to expand the airport to turn it into an international stop, buy up a lot of land, build a horse track, put a lot of people to work, you know-  basically revitalize the entire area.  But money follows money.  If we put in this initial capital outlay, along with the resort, we would expect other interests to follow, and I can see, within 20 years, Gendaris becoming a full on tourist town.  A real gaming haven, if you like."

A mega casino such as DelGrosso envisions, would be the first of its kind in Kalistan.  DelGrosso said he is looking for investors at the moment, but hopes to begin building within the next five years.  He said he hopes to see all manner of casino games, parimutuel gambling, and sports book gambling.  He also plans to host boxing matches, as well as shows from well known national touring acts.  "It will be an entertainment center par excellence!" said DelGrosso.  "Stay tuned!"