Isle of Capris Casinos News

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Posted Jul 5th 2008 11:40AM by Victoria Erhart Filed under: Earnings reports , Bad news There is something rotten in Denmark, to quote from Hamlet , Act I, as well as in Las Vegas, Louisiana, Mississippi, ...

Isle of Capri Casinos reported Wednesday its net revenue increased during both the fiscal 2008 fourth quarter and full year, but a record impairment charge led to wider losses.

Isle of Capri Casinos announced Tuesday that its Rhythm City Casino in Davenport will reopen Tuesday at 3:00 p.m., following a second temporary closure, due to Mississippi River flooding.

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St. Louis Business Journal - by Rick Desloge Shaun Hayes, president of Missouri Banking for National City Bank , is resigning from the company.

The President Casino in downtown St. Louis temporarily closed Saturday morning and remains closed due to rising flood waters on the Mississippi River, according to the casino's owner and operator Pinnacle ... via St. Louis Business Journal

Isle of Capri Casinos Inc. said it closed its Natchez, Mississippi, riverboat gaming hall because of flooding by the Mississippi River, and said it has adequate insurance to cover the shutdown. via Bloomberg

“At this point, the Mississippi River has reached levels where containment measures are no longer a possibility”

Isle of Capri Casinos Inc. closed its Natchez, Miss., casino early on Sunday until floodwaters recede, the company said. via MarketWatch

“Some of the boat owners will have their own helicopters so we could have, on a given race, 8 to 10 helicopters in the air”

It's that time of year again - large boats racing at speeds of almost 150 mph through local waters.

A DEA/Coast Guard intervention? A big budget Hollywood action pic starring Bruce Willis? Nah. It's the (nearly annual) Smokin' The Sound, set to run April 5-6.

It's fast becoming a regional tradition, one that has the potential to continue to draw big bucks to the area.

'This is our fourth race,' promoter Rusty David said to the Sun Herald recently. 'We ran in 2005 and 2007, but we missed 2006 because of Hurricane Katrina. We are excited and if we can get three race dates in a row, we can make it a premier tourism event on the Coast. It's showing that class already. These teams bring in 500 and 600 people to the race, that's high-dollar clients. Read more

“We'd visit Disney World as kids and after a trip he'd say, 'Wow, they really have it figured out.'”

John Gallaway, an Ivy League-educated hotel executive from New York City, seemed like an unlikely recruit to the casino industry in 1980. via Las Vegas Sun

“It affected some of the revenue we expected. We're not growing as fast as we expected. But we are growing”

Legends Gaming LLC, the parent company of DiamondJacks casinos in Bossier City and Vicksburg, Miss., has filed for federal bankruptcy protection from its creditors. via Times-Picayune

As reported by the Associated Press:"Shares of Isle of Capri Casinos Inc. slumped to a multi-year low Monday as an analyst downgraded the casino operator, citing economic concerns and a possible Iowa smoking ... via RGT Online

Steve Wieczynski - Stifel Nicolaus Dennis Forst - " KeyBanc Capital Markets, Inc. via Seeking Alpha

Isle of Capri Casinos announced today that Jim Perry has been named CEO of the company and that planning for Phase I of a master plan for its Biloxi casino is nearly complete.

Perry is one of three former employees of Argosy Gaming and Trump Entertainment who recently joined Isle of Capri. The others are President and COO Virginia McDowell and Chief Financial Officer Dale Black.

Former CEO Bernard Goldstein remains with the company as chairman of the board.

Expansion of the Isle of Capri in Biloxi will be one of the company's first major projects. Those plans were put put on hold last year while Isle officials re-evaluated the Biloxi market post Hurricane Katrina. Read more

Isle of Capri Casinos Inc. said Wednesday Chairman and CEO Bernard Goldstein is retiring and Isle of Capri board member Jim Perry was named his replacement. via St. Louis Business Journal

“We believe a smoking ban that does not exclude casinos in Iowa would add further headwinds to Isle's turnaround, given that its Iowa properties comprise about 25 percent of the company's earnings before interest, taxes, depreciation and amortization”

Shares of Isle of Capri Casinos Inc. slumped to a multi-year low today as an analyst downgraded the casino operator, citing economic concerns and a possible Iowa smoking ban.Ryan Worst of Brean Murray, Carret ... via KansasCity.com

“We're going to take it and, of course, make a hot rod out of it. Put a hot rod motor in it, four-wheel independent suspension. Stuff like that.”

'American Hot Rod' personality Boyd Coddington, 63, died Wednesday, but his ties to the Coast remain.

A 1940 Ford Woody that Coddington customized inside and out in 'Isle Style' for the Isle of Capri Casinos is on display in the second floor lobby of the parking garage. Coddington dedicated the $300,000 car at the 2006 Cruisin' the Coast.

The star's trademark Hawaiian shirts matched the tropical theme of the resort and the hot turquoise accents on the car make it a real eye-catcher. Rich Westfall, community development director at Isle of Capri Biloxi, said 'people go by it every day and just drool.' Read more

“We look forward to any meeting with Pompano Park that could lead to an amicable resolution of the dispute”

Isle Racing & Casino at Pompano Park is delaying a decision on possible cancellation of some March and April racing dates. via Blood Horse

ASCA / ISLE / PENN It is the tale of two cities. After becoming one of Colorado's premier destinations as a result of the Pike's Peak Gold Rush in 1859 - and losing its luster shortly thereafter, when the mines ... via Seeking Alpha