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Tag Archives: Isle of Capri

US – Strong results in Iowa drive Isle of Capri’s results

Having sold its casinos in Lake Charles and Marquette, locals operator Isle of Capri saw its revenues for the third quarter fall to $193.8m, from $196.5m in the prior year quarter, down 1.4 per cent. Consolidated Adjusted EBITDA was $43.5m for the quarter compared to $41.2 million in the prior year quarter, up 5.5 per…

US – Shareholders at Eldorado and Isle of Capri approve merger deal

Eldorado Resorts and Isle of Capri Casinos have announced that, at separate Special Meetings of Shareholders today, their respective shareholders approved certain actions in connection with Eldorado’s acquisition of Isle of Capri. The deal was announced as a definitive merger in September last year and represented a total cost of $1.7bn, inclusive of $929m of…

US – Isle of Capri down slightly following two casino sales

Having offloaded casinos in Lake Charles and Marquette, Isle of Capri casinos saw its revenues for the current quarter fall slightly to $198.6m, compared to $200.5m in the prior year quarter. Operating income decreased to $21.3m from $23.7m in the prior year quarter, as the current quarter contained $3.4m of transaction costs related to the…

US – Isle of Capri to sell Lady Luck

Isle of Capri Casinos has entered into a definitive agreement to sell Lady Luck Casino Marquette to an affiliate of Casino Queen, based in Swansea, Illinois. Under the terms of the agreement, CQ Holdings Company, Inc. will purchase Lady Luck Casino Marquette for cash consideration of approximately $40m subject to a customary working capital adjustment….

US – Isle of Capri down slightly in first quarter

Isle of Capri Casinos’ first quarter ended July 24, saw a slight drop in revenue, which reached $240.9m compared to $246.9m in the prior year quarter, down 2.5 per cent. Seven of 13 properties generated higher year-over-year Adjusted EBITDA in the first quarter, five of which generated record first quarter Adjusted EBITDA. Eric Hausler, the…

US – Isle of Capri Casinos to sell Lake Charles casino

Isle of Capri Casinos has entered into a definitive agreement to sell the Isle of Capri Casino Hotel Lake Charles to an affiliate of Laguna Development Corporation, a Pueblo of Laguna-owned business based in Albuquerque, New Mexico. Under the terms of the agreement, Kicks Entertainment, LLC, a newly formed entity owned by LDC and Eagle…

US – GAN launches Lady Luck social casino for Isle of Capri

GAN has launched Lady Luck, a social casino for a newly-formed interactive division of Isle of Capri Casinos, developed on GAN’s proprietary Simulated Gaming platform designed specifically for US land-based casino operators. Later in the year, Isle of Capri expects to launch GAN’s casual skill-based mobile gaming application ‘Lady Luck Solitaire’, designed to support user…

US – Isle of Capri to open Bettendorf on June 24

Isle of Capri Casinos will open its new $60m, land-based casino at Isle Casino Hotel Bettendorf on June 24. The new 35,000 square foot facility will feature three restaurant options including the Farmer’s Pick Buffet, Keller’s American Grill Restaurant and Keller’s Express. Other new amenities include the Lone Wolf Bar, located directly on the gaming…

US – Isle of Capri’s President to step down

Isle of Capri Casinos has announced that Virginia McDowell, President and Chief Executive Officer, will retire from the company and the board of directors, effective April 27, 2016. Eric Hausler, Isle’s Chief Financial Officer, will succeed her as CEO. Arnold Block, Isle’s Chief Operating Officer, will become President and COO whilst Michael Hart, currently the…