Cala to sell first UnderSea Casino

The Cala Corp in the USA has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on 11 November. The company is confident that the $100 billion per year industry needs the UnderSea offshore ships because the potential for net profits will be much higher than any casino located in the States due to the lack of gaming regulations.

The UnderSea casino will also compete with SeaWorld and various major casino ships. The UnderSea Resort and Casino is versatile in its location; it can be situated either a few hundred feet from shore, or more than three miles offshore. Prime sites under consideration off the Florida coast include offshore of Miami, Palm Beach, Naples, Cape Canaveral, Jacksonville and Pensacola. The UnderSea ships will have powerful Rolls Royce engines which will enable the ships to move under their own power.

Cala will act as the shipbuilder for the construction for the ships and not as the owner or operator. Approximately two months ago, the company received $300 million in tax-exempt bonds from the State of Alabama to be used only for the construction of a new shipyard in Mobile, Alabama. The company was successful in attracting a world-leading investment banker to underwrite the bonds, provided company completes the sale of the first ship. In addition, the buyer or operator of the ship must provide a letter of credit in the minimum amount of $300 million for a complete hull or the amount of $460 million for the turn-key. The UnderSea cruise ships will offer 300 luxurious residences affording both above and below sea views. Cala???s long-term plan is to have 12 sites worldwide, with the initial three sister ships being located in Florida, California and Hawaii. Additional sites will include The Mayan Coast, Belize, Cayman, Bahamas, U.S. Virgin Islands, Puerto Rico, Aruba, Cabo San Lucas, New Zealand, Great Barrier Reef, Venice and Rome.