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We provide an efficient and
confidential service to our customer - the owner of the casino. Our normal
practice is to phase the disclosure of confidential financial information as the
prospective purchaser demonstrates a rising degree of interest, and ability, to
complete a purchase.
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Having received a
Confidentiality Agreement, we are delighted to forward the basic details of
a property. In some cases, we are also authorised to send out basic
published financial details.
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Once you/your client
have considered these and intend to proceed further, we will require a
signed Letter of Intent. That Letter should include an indication of how the
purchaser proposes to finance such a transaction and how it is proposed to
the demonstrate Proof of Funds to the Owner in due course. This text should
be sent back on your own company letterhead, signed by an appropriate
company official, together with a description of the authority of that
official. The letter should annexe background information on the company
together with summary published financial data.
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If these concepts are
satisfactory to the Casino Owner, then we would usually be authorised to
send you full financial details for your analysis.
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If you wish to proceed
to detailed discussions, then the Owner would normally require that the
Proof of Funds – including bank references - is then delivered as a prelude
to negotiations that are expected to move to the making of a formal offer,
appointment of lawyers and the drawing up of a Contract of Sale.
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