US-listed Cala Corporation said it has signed a construction agreement with Cosco Dalian Shipyard in China for huge offshore casinos.

It is in early talks with casino companies to explore the possibility of co-developing a 120,000-square-feet gaming space which is set to include 2,000 slots and 100 tables.

The first unit is planned to be permanently moored in international waters off Miami, within 25 minutes of the city centre.