Sounds like its already a done deal...
Boat casino idea for harbour floated by Hamilton businessman
'A casino is in first place right at the moment, but I'm not going to forget the roots of this thing.'
By Cory Ruf, CBC News Posted: Feb 6, 2013 7:33 PM ET Last Updated: Feb 6, 2013 7:44
http://cbc.sh/wE2V1te
A businessman wants to turn a Toronto white elephant into a jewel of Hamilton's harbour — and possibly furnish it with a casino.
Don Maga is purchasing an old 85,000-square-foot cruise ship from John Letnik, who operated the boat as Captain John's Harbour Boat Restaurant for more than 30 years.
“I've got a passion for it,” said Maga, a Hamilton resident whose company, Seltomar International, works on product development in China. “I love boats, but obviously this is a very special one.”
The City of Toronto shut down Captain John's in 2012. In late June, Letnik admitted he was behind in taxes to several city agencies, including the port authority, and has been looking for a buyer.
Maga wouldn't disclose how much he's paying for the ship. He plans to have it towed to Heddle Marine in Hamilton. Then he'll refurbish it inside and out, and install it as a tourist attraction at the city's Pier 8.
The goal, he said, is to convert the boat into an entertainment venue that would house a casino, adding he's partnered with investors from the United States and China to put together a formal proposal.