Michael Kornblum, chief executive of Bay Cruises, said he was pleased with the creation of the commission.

Officials at Bay Cruises have said they would cooperate with any investigation but would fight to stay open.

On the boat last night, Michael Kornblum, the chief executive of Bay Cruises, said he would cooperate with the city's investigators.

Mr. Giuliani said he would discuss his concerns with the owners of Bay Cruises tomorrow before city lawyers head to court.

Michael Kornblum, a real estate developer and chief executive of Bay Cruises, could not be reached for comment yesterday.

In a very real way, the mystery of Bay Cruises has become its biggest problem.

"We will work with the Mayor and turn over the names of every partner and employee of Bay Cruises."

In addition to facing the residents' concerns, Bay Cruises has also drawn the ire of city officials.

Bay Cruises already has agreed to pay any existing city taxes and fees on all its gambling proceeds.

When local residents expressed concerns about traffic and crowding, city officials stopped an agreement to turn over city-owned property to Bay Cruises for a parking lot.