In October, the 186-foot vessel - with its rows of slot machines and felt tabletops featuring blackjack, three card poker, roulette, craps, and other games of chance - left the pier and never returned, despite a signed lease for its space at the dock, a $200,000 lawsuit for damages to the dock, and a lien on the ship. This week, after the pier's owner filed an additional lawsuit against Horizon's Edge Excursions for allegedly failing to pay $15,000 in rent, the ship's company filed for bankruptcy.Now, with a monopoly on all slot machines available from Massachusetts, one would think they'd be the epitome of profitable. Well, I guess it's a good thing we're not reliant on them for revenue.
But at least casinos are good neighbors, right?
"The thing that really aggravates me is that we bent over backwards to them when they were late on payments," he said. "For them to just shut off the valve without any communication is no way to do business. I find it hard to believe that they have no money left."
Cowdell said the city has a $65,644.47 lien on the ship. He added that Horizon's Edge also owes the Lynn Water and Sewer Commission more than $2,300 for six months of service. He said the company previously had financial problems and blamed them on their operations in Florida. He said his office had set up a payment plan that allowed Horizon's Edge to repay the Economic Development and Industrial Corporation over time. Rent was $5,000 a month.