Final Agreements Completed on Viva's Casino Day-Cruise Project; Boat to Arrive This Week
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.
Casino Cruise Ship Financing Ready
Viva Gaming & Resorts has reported that all financing required for the company's Texas Treasure casino cruise ship project in Corpus Christi, Texas is now fully secured and in place. The Texas Treasure, presently the only casino ship in the state of Texas, will operate twice daily cruises, each five to six hours in duration, seven days per week from Harbour Island, with its inaugural cruise and soft opening set for Friday evening, September 15 as previously announced. "Despite numerous and unexpected delays, we've moved at an extremely fast pace to ensure this project opened on schedule," Viva Gaming President and Chief Executive Officer, Marty Gross said.
