Viva Gaming Resorts reported that it has finalized its bare-boat charter agreement
and related letter-of-credit commitments with Discovery Dawn Limited Partnership and, as a result, has now taken possession of the Bahamian-flagged luxury casino cruise ship M/V Island Dawn.
The cruise ship is presently being moved from its previous location in Freeport, Grand Bahamas, directly to Corpus Christi
, with scheduled arrival this week. The luxury vessel, to be renamed Texas Treasure, has a passenger capacity of 1,464 and includes full-service dining and restaurant facilities, bare areas, show lounge and expanded gaming amenities for its adult-only customers.
The ship will be managed by Sophlex Ship Management (Sophlex), a Florida corporation. Sophlex will be directly responsible for all maritime operations and related duties.
Viva Gaming will begin day-cruise operations in Corpus Christi by Sept. 15, 2000. The company expects to attract in excess of 400,000 passengers annually and generate approximately $35 million in revenues during its first year of operation.