Palm Beach Princess in Rough Financial Waters - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Palm Beach Princess in Rough Financial Waters

WEST PALM BEACH, FL (WFLX) -- New this morning, a plan to save the Palm Beach Princess, hits some rough waters.

 Six weeks ago Brazilian investor Mauro Sebben, saved the casino from bankruptcy, by offering to buy it for 6 million bucks.  But tomorrow is the deadline for a 500 thousand dollar security deposit.

And our partners at the Palm Beach Post report he hasn't paid up.  The Princess is the Port of Palm Beach's second biggest tenant, bringing in more than a million bucks a year.  Port leaders meet today to figure out the next step

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