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Tag Archives: Isle of Capri

US – Isle of Capri swings to profit in second quarter

Isle of Capri Casinos reported a profit in its second-quarter due to the welcome combination of higher revenue and lower expenses. The St. Louis-based locals operator, who has 14 casinos in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, and Pennsylvania, reported net revenues for the current quarter of $236.3m compared to $234.5m in the prior year…

US – Isle of Capri sees fourth quarter of double digit EBITDA growth

Isle of Capri Casinos is making money again, reporting first-quarter net income of US$3.1m, following a loss in the same period a year earlier, marking its fourth consecutive quarter with double-digit growth in EBITDA. The St. Louis-based company reported revenue of $246.9m in the period, falling just shy of Wall Street forecasts of $247.2m. The…

US – Isle of Capri to close Natchez casino

Isle of Capri Casinos is to close its casino property in Natchez, Mississippi, and has entered into a definitive agreement to sell its Natchez hotel and certain related non-gaming assets to Casino Holding Investment Partners, LLC, the parent company of Magnolia Bluffs Casino, for $11.5m. The transaction is expected to close in October 2015, subject…

US – Isle of Capri turns profit after strong fourth quarter

Local US casino operator Isle of Capri Casinos reported fourth-quarter net income of $3.1m, beating analysts’ predictions, having recorded a loss in the same period a year earlier. The casino operator posted revenue of $285.7m for the quarter, surpassing forecasts of $266.8m. For the year, the company saw net income of $5.2m and revenue of…

US – Isle of Capri on the up in third quarter

The locals market in North America could be bouncing back with Isle of Capri reporting net revenues for the third quarter up 7.5 per cent, to $241.1m, compared to $224.2m in the prior year quarter. Virginia McDowell, the company’s president and chief executive officer, said: “Over the past 18 months, we implemented comprehensive operational changes…

US – Is Isle of Capri for sale?

US operators without the international benefits afforded by Asian market operations, Boyd Gaming, Caesars, Penn and Isle of Capri, are continuing to feel the pinch from national market pressures. While Las Vegas Sands’ last quarter revenues were 85 per cent non-domestic, national operators relying solely on State revenues from the slowly recovering Las Vegas and…

US – Isle of Capri makes sweeping management changes

Isle of Capri Casinos has made a series of management changes, including eliminating the position of Executive Chairman of the Board of Directors, currently held by Jim Perry. Mr. Perry continues to serve as a member of the Board of Directors. Robert Goldstein, currently the Vice Chairman of the Board of Directors, has been named…

US – Iowa sale boosts Isle of Capri’s profit

Local casino operator Isle of Capri Casino returned to profit in the third quarter with a net income of US$10.7m in the quarter ended January 26, compared to a loss of $2.2m a year earlier. Whilst net revenues fell 1.7 per cent to $224.2m in the third quarter, Isle of Capri, which owns and operates…

US – Scott County Casino buys Rhythm City

Isle of Capri Casinos has entered into a definitive purchase agreement with Scott County Casino, LLC to sell its Rhythm City Casino in Davenport, Iowa.  Under the terms of the agreement, Scott County Casino, led by Dan Kehl, has agreed to pay Isle of Capri Casinos, Inc. approximately US$51m.  The transaction is expected to close early in…