Rollin' on the river takes on new meaning when you're talking
about Isle of Capri Casinos. The company owns and
operates about 15 dockside, riverboat, and land-based casinos
in Colorado, Iowa, Louisiana, Mississippi, Missouri, and
Pennsylvania. In addition, the company has a pari-mutuel
harness racetrack and casino in Pompano Beach, Florida. Most of the
company's casinos have hotels and feature restaurants, live
entertainment, and private lounges for high-rollers. Altogether,
Isle of Capri's properties feature approximately 12,000 slot
machines and 300 table games (including some 80 poker tables), as
well as more than 2,200 hotel rooms and 40 restaurants.
All of the company's properties operate under one of two
distinct brands: The Isle and The Lady Luck. The Isle brand is for
properties in larger markets that have a regional draw, and offers
amenities such as hotel rooms, expanded food and beverage
offerings, and conference and convention facilities. The Lady Luck
casinos are located in smaller markets with less growth
potential and target a local customer base.
The company is focused on maintaining a balanced portfolio of
properties by continually evaluating the need to sell,
acquire, or build casinos.
The company reported revenue of $978.6 million
in fiscal 2016. That was a decrease of $17.7 million compared to
its 2015 revenue of $996.3 million.
Mergers and Acquisitions
During 2016 Isle of Capri Casinos agreed to be
acquired by Eldorado Resorts for $1.7 billion. When the deal closes
Isle of Capri will cease to be a publicly traded company.