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Lucky and Andamo, penniless, crash a costume party aboard an enormous yacht, and Lucky turns it into a floating casino, the Fortuna II.
A runaway heiress stows away on board the Fortuna, but a peculiar man is pursuing her.
A wartime buddy sends Mr. Lucky a hideous painting for a birthday gift. It turns out the artist who created the painting desperately wants it back.
Mr. Lucky and his associate, Andamo, are forced to abandon their casino in Andamo's island country when the corrupt president learns that their yacht, the Fortuna, has been used by a group of revolutionaries to bring in arms.
Lucky is on the lookout for counterfeit money when the police inform him that phony bills are being put into circulation from the Fortuna's port.