Europa Cruises Corporation owns, operates and promotes cruise vessels offering day and evening cruise services in the state of Florida. The cruises operated by the company include a variety of shipboard activities such as casino operations, dining, sightseeing and live music. The company has twelve subsidiaries and currently conducts business through six subsidiaries. The corporation currently owns two gaming vessels namely, the M/V Europa Sky which it operates in Madeira Beach and M/V Europa Star which is not operating. Gaming accounted for 55% of 1999 revenues; charter fees, 28%; passenger fares, 12%; food and beverage, 4% and other, 1%.