Casino Pride buys ‘substitute’ casino vessel

usa, casino, riverboat
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Casino Pride Group has marked the addition of the Argosy IV riverboat casino to its fleet, following the company’s $8.5m acquisition of the vessel earlier this year.

The three-deck Argosy IV previously operated in Kansas City, Missouri and Sioux City, Iowa. In September, the boat was towed to New Orleans, where it was loaded onto a semi-submersible boat before making the trip to India.

Pride Group already operates two floating casinos in Goa, Casino Pride I and Casino Pride II, as well as the Casino Paradise in the Neo Majestic hotel in the state capital Porvorim.

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While the vessel’s arrival in Goa sparked rumours that the state government had issued a seventh floating casino licence, Pride Group director Shrinivas Nayak clarified that the company had bought Argosy IV as a “substitute” gaming platform which will operate while the firm’s original ships are laid up in dry dock for maintenance and repairs next year.

“The two vessels [Pride 1 and Pride 2] are steel hull vessels and they have to go in to a dry dock for repairs. Since this takes a long time, we thought of having a spare vessel,” Nayak said.


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