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{{Short description|Former American casino operator}}
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{{otheruses3|Isle of Capri}}
{{Infobox Company
{{Infobox company
| name = Isle of Capri Casinos
| name = Isle of Capri Casinos
| logo = [[File:IsleofCapri-logo.png|300px]]
| logo = Isle of Capri Casinos logo.png
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| logo_size = 200px
| former_name = Kana Corporation (1990–1992)<br>Anubis II Corporation (1992)<br>Casino America, Inc. (1992–1998)
| type = Public
| type = Public
| traded_as = {{NASDAQ|ISLE}}
| genre = Casinos
| genre = Casinos
| predecessor = Kana Corporation, Anubis II Corporation, Casino America, Inc
| predecessor =
| foundation = 1992
| fate = Acquired by [[Eldorado Resorts]]
| founder = [[Bernard Goldstein (casino owner)]]
| foundation = {{Start date and age|1990}}
| founder = [[Bernard Goldstein (casino owner)|Bernard Goldstein]]
| location_city = [[Creve Coeur, Missouri]]
| defunct = {{End date and age|2017|5|1}}
| location_country = [[United States]]
| location =
| location = [[Creve Coeur, Missouri|Creve Coeur]], [[Missouri]], [[United States|U.S.]]
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| locations =
| area_served =
| area_served =
| key_people =
| key_people =
| industry = Gambling
| industry = [[Gambling|Gaming]]
| products =
| products =
| services =
| services =
| market cap =
| market cap =
| revenue =
| revenue = USD$1,125.35 million (2008)<ref>http://finance.google.com/finance?q=NASDAQ:ISLE</ref>
| operating_income = -$51.35 million
| operating_income =
| net_income = -$96.87 million
| net_income =
| aum =
| aum =
| assets = $1,974.17 million
| assets =
| equity = $188.01 million
| equity =
| owner =
| owner =
| num_employees = 8,559
| num_employees =
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| homepage = http://www.islecorp.com/
| homepage =
| footnotes =
| footnotes =
| intl =
| intl =
}}
}}
'''Isle of Capri Casinos, Inc.''' ({{nasdaq|ISLE}}) is a gaming company headquartered in [[Creve Coeur, Missouri|Creve Coeur]], [[Missouri]]<ref>Van Der Werf, Martin. "[http://nl.newsbank.com/nl-search/we/Archives?p_product=SL&p_theme=sl&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=10F70C0BDB360C98&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM Isle of Capri will move HQ to Creve Coeur]." [[St. Louis Post-Dispatch]]''. January 28, 2006. Third Edition, Business A31. Retrieved on August 19, 2009.</ref> which operates [[casino]]s and associated entertainment and lodging facilities in the United States and abroad.
'''Isle of Capri Casinos, Inc.''' was a gaming company headquartered in [[Creve Coeur, Missouri|Creve Coeur]], [[Missouri]] in [[Greater St. Louis]] which operated [[casino]]s and associated entertainment and lodging facilities in the United States.


Currently operating 18 casinos properties in six states across the U.S., as well as properties in the Caribbean and England, Isle of Capri properties have nearly 2 million visitors each year. These properties have a total of about 15,000 [[slot machine]]s, 400 table games, 3,100 hotel rooms; and three dozen restaurants.
It operated 15 casinos in seven states across the U.S., Isle of Capri properties have nearly 13 million visitors each year. These properties have a total of about 14,000 [[slot machine]]s, 350 table games, 2,300 hotel rooms; and three dozen restaurants.

International operations include a casino in [[Freeport, Grand Bahama]]; a casino in [[Coventry, England]]; and a two-thirds
ownership interest in a pair of casinos in [[Dudley]] and [[Wolverhapton, England]].


==History==
==History==
The company was founded in 1990 by [[Bernard Goldstein (casino owner)|Bernard Goldstein]] (born 1929) who rolled his two privately held companies Riverboat Corporation of Mississippi and Riverboat Services into a newly named '''Kana Corporation'''.<ref> [http://www.fundinguniverse.com/company-histories/Isle-of-Capri-Casinos-Inc-Company-History.html International Directory of Company Histories, Vol. 41. St. James Press, 2001]</ref>
The company was founded in 1990 by [[Bernard Goldstein (casino owner)|Bernard Goldstein]] as '''Kana Corporation'''.


In April 1992 it was renamed '''Anubis II Corporation'''. In June 1992 it was renamed again to '''Casino America, Inc'''. and began trading on the NASDQ under the [[ticker symbol]] CSNO. In 1995 an announced move to trade to the [[New York Stock Exchange]]. In September 1998 it became '''Capris Casinos, Inc.'''<ref>http://www.fundinguniverse.com/company-histories/Isle-of-Capri-Casinos-Inc-Company-History.html International Directory of Company Histories, Vol. 41. St. James Press, 2001]</ref> and changed its ticker symbol to "ISLE."<ref>"Casino America, Inc. Becomes `Isle Of Capri Casinos, Inc.'." PR Newswire. PR Newswire Association LLC. September 25, 1998 Retrieved February 01, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-53029175.html</ref>
In April 1992, it was renamed '''Anubis II Corporation'''. In June 1992, it was renamed again to '''Casino America, Inc'''. and began trading on the NASDAQ under the [[ticker symbol]] CSNO. In 1995 it announced a move to trade to the [[New York Stock Exchange]] but that did not happen. In September 1998, it became Isle of Capri Casinos, Inc.<ref name="fundinguniverse.com"/> and changed its ticker symbol to "ISLE."<ref>"Casino America, Inc. Becomes `Isle Of Capri Casinos, Inc.'." PR Newswire. PR Newswire Association LLC. September 25, 1998</ref>


The company opened its first casino on August 1, 1992, as a publicly traded corporation. Goldstein was known as the "grandfather of riverboat gaming since he owned the first riverboat casino to sail on the Mississippi River.<ref name="fundinguniverse.com">{{cite web|url=http://www.fundinguniverse.com/company-histories/Isle-of-Capri-Casinos-Inc-Company-History.html |title=International Directory of Company Histories, Vol. 41. St. James Press, 2001 |publisher=Fundinguniverse.com |access-date=2014-03-02}}</ref>
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Goldstein's first casino operations were in the [[Quad City]] area of [[Iowa]] and [[Illinois]] where they operated the riverboats Diamond Lady and the Emerald Lady under the corporate name Steamboat Casino Cruises.<ref>[http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=561555&highlight= Isle of Capri Celebrates 10 Years of Business in the Gaming And Entertainment Industry phx.corporate-ir.net]</ref> The two boats which sailed from [[Bettendorf, Iowa]] on April 1, 1991 were the first modern riverboat gambling boats.<ref>http://gaming.unlv.edu/hof/2008_goldstein.html</ref>


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Goldstein's first casino operations were in the [[Quad City]] area of Iowa and Illinois, where Goldstein operated the riverboats Diamond Lady and the Emerald Lady under the corporate name Steamboat Casino Cruises.<ref>{{cite web |url=http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=561555&highlight= |archive-url=https://www.webarchive.org.uk/wayback/archive/20081128014031/http://phx.corporate%2Dir.net/phoenix.zhtml?c%3D104016%26p%3Dirol%2DCSRhome |url-status=dead|title=Isle of Capri Celebrates 10 Years of Business in the Gaming And Entertainment Industry |publisher=Phx.corporate-ir.net |access-date=2014-03-02 |archive-date=2008-11-28 }}</ref> The two boats, which sailed from [[Bettendorf, Iowa]] on April 1, 1991, were two of the first modern [[riverboat casino]]s.<ref>[http://gaming.unlv.edu/hof/2008_goldstein.html Gaming Hall of Fame: Bernard Goldstein] {{Webarchive|url=https://web.archive.org/web/20170701073308/http://gaming.unlv.edu/hof/2008_goldstein.html |date=2017-07-01 }}. Gaming.unlv.edu. Retrieved on 2013-07-26.</ref>
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Isle of Capri Casinos opened it first casino in [[Biloxi, Mississippi]], in August 1992 and was the first gaming establishment to trade on the [[NASDAQ]].{{Fact|date=April 2007}}


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Isle of Capri Casinos opened its first casino in [[Biloxi, Mississippi]] in August 1992, and was the first gaming establishment to trade on the [[NASDAQ]].{{Citation needed|date=April 2007}}
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In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities damaged by Hurricanes [[Hurricane Katrina|Katrina]] and [[Hurricane Rita|Rita]], respectively.<ref>[http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-25-2005/0004129571&EDATE= Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage<!-- Bot generated title -->]</ref><ref>[http://www.qctimes.net/articles/2005/10/08/news/local/doc43475e90b0969194834137.txt Biloxi’s casino blues / QCTimes.com<!-- Bot generated title -->]</ref>


In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos. [[Lady Luck Gaming]], which owned two adjacent Lady Luck casinos in [[Lula, Mississippi]], one in [[Natchez, Mississippi]], the Miss Marquette casino in [[Marquette, Iowa]], and a half interest in the Lady Luck casino in [[Bettendorf, Iowa]], was bought for $59 million in cash, $177 million in assumed debt, and $22 million to redeem preferred stock.<ref>{{cite news|title=Isle joins billion-dollar club|newspaper=The Sun Herald|location=Biloxi, MS|publisher=via NewsBank|first=Charles|last=Busby|date=March 3, 2000|access-date=2012-06-16|url=http://docs.newsbank.com/openurl?ctx_ver=z39.88-2004&rft_id=info:sid/iw.newsbank.com:AWNB:BSHB&rft_val_format=info:ofi/fmt:kev:mtx:ctx&rft_dat=0EB6222FE9658B0F&svc_dat=InfoWeb:aggregated5&req_dat=0D6884C8DA6CD5B5}} {{subscription required}}</ref><ref name=10k2000>{{cite report|title=Form 10-K405/A|publisher=Isle of Capri Casinos|date=August 1, 2000|access-date=2012-06-16|url=https://www.sec.gov/Archives/edgar/data/863015/000086301500000026/0000863015-00-000026.txt|at=Item 1. Business}}</ref> On the same day, Isle of Capri bought the other half of the Bettendorf property from Goldstein's family for $62 million,<ref>{{cite news|title=Company news: Isle of Capri Casinos is in deal to buy Lady Luck Gaming|newspaper=New York Times|date=October 7, 1999|access-date=2012-06-16|url=https://www.nytimes.com/1999/10/07/business/company-news-isle-of-capri-casinos-is-in-deal-to-buy-lady-luck-gaming.html}}</ref> and the rights to the Lady Luck trademark from Lady Luck's founder, Andrew Tompkins, for $31 million.<ref name=10k2000 /> Six months later, it completed the purchase of the [[Lady Luck Hotel & Casino]] in downtown Las Vegas from Tompkins for $14.5 million.<ref>{{cite report|url=https://www.sec.gov/Archives/edgar/data/863015/000086301501500005/0000863015-01-500005.txt|title=Form 10-K405|at=Liquidity and Capital Resources|publisher=Isle of Capri Casinos|date=July 30, 2001|access-date=2012-06-16}}</ref> The Las Vegas property was sold two years later to a group of real estate investors.<ref>{{cite news|title=Casino changes owners|newspaper=Las Vegas Sun|first=Liz|last=Benston|date=October 31, 2002|access-date=2012-06-16|url=http://www.lasvegassun.com/news/2002/oct/31/casino-changes-owners/}}</ref> The other Lady Luck properties were all rebranded under the Isle of Capri name.<ref>{{cite report|title=Form 10-K405|publisher=Isle of Capri Casinos|page=1|date=July 30, 2001|access-date=2012-06-24|url=https://www.sec.gov/Archives/edgar/data/863015/000086301501500005/0000863015-01-500005.txt}}</ref>
In August 2006 it moved its headquarters from Biloxi to St. Louis suburb [[Creve Coeur, Missouri]].<ref>[http://www.gotostlouis.org/x2053.xml Isle of Capris Completes HQ move to Creve Coeur - St. Louis Business Journal - August 14, 2006]</ref>. Missouri had offered $4.2 million in tax incentives to lure it. Company officials said they were looking for new headquarters after evacuating their building three times in 2004-05 due to hurricanes.<ref>"City, Missouri team up to lure Isle of Capri to Creve Coeur." St. Louis Post-Dispatch (St. Louis, Missouri) (viaKnight-Ridder/Tribune Business News). January 24, 2006. Retrieved February 01, 2009 from HighBeam Research: http://www.highbeam.com/doc/1G1-141196188.html</ref>


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In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities were damaged by Hurricanes [[Hurricane Katrina|Katrina]] and [[Hurricane Rita|Rita]], respectively.<ref>{{cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-25-2005/0004129571&EDATE= |archive-url=https://web.archive.org/web/20060213144407/http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-25-2005/0004129571&EDATE= |archive-date=2006-02-13 |title=Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage |publisher=Prnewswire.com |access-date=2014-03-02}}</ref><ref>{{cite web|url=http://www.qctimes.net/articles/2005/10/08/news/local/doc43475e90b0969194834137.txt |title=Biloxi's casino blues / QCTimes.com |publisher=Qctimes.net |access-date=2014-03-02}}</ref>
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On February 14, 2006, Isle of Capri sold the [[Isle of Capri Bossier City]] and [[Isle of Capri Vicksburg]] to [[Legends Gaming]] for $240 million. The properties are now known as "[[Diamond Jack's]]"


In August 2006, Isle of Capri Casinos moved its headquarters from Biloxi to [[Creve Coeur, Missouri]], a suburb of St. Louis.<ref>{{cite web |url=http://www.gotostlouis.org/x2053.xml |title=Isle of Capris Completes HQ move to Creve Coeur - St. Louis Business Journal - August 14, 2006 |publisher=Gotostlouis.org |access-date=2014-03-02 |archive-url=https://web.archive.org/web/20090630095935/http://www.gotostlouis.org/x2053.xml |archive-date=June 30, 2009 |url-status=dead |df=mdy-all }}</ref> Missouri had offered $4.2 million in tax incentives to lure the operation. 150 employees moved with the headquarters. Company officials said they were looking for new headquarters after evacuating their building three times in 2004–05 due to hurricanes.<ref>"City, Missouri team up to lure Isle of Capri to Creve Coeur." St. Louis Post-Dispatch (St. Louis, Missouri) (viaKnight-Ridder/Tribune Business News). January 24, 2006. {{Cite web |url=https://www.highbeam.com/doc/1G1-141196188.html |title=Archived copy |access-date=2019-04-12 |archive-date=2016-03-06 |archive-url=https://web.archive.org/web/20160306210942/https://www.highbeam.com/doc/1G1-141196188.html |url-status=dead }} - "Missouri and Creve Coeur are offering more than $4.2 million in tax incentives to lure the corporate headquarters of Isle of Capri Casinos Inc. from its home in Biloxi, Miss., said Mark Perkins, the city's administrator." and "Isle of Capri is fleeing the frequent hurricanes of the Gulf Coast region, Haynes said. The company had to evacuate its headquarters three times between the autumns of 2004 and 2005 -- shutting down finance and information systems for all of its properties in the process."</ref>
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The company competed for a gambling license in the city of [[Pittsburgh, Pennsylvania]] in 2006, offering $290 million towards building a new arena for the [[Pittsburgh Penguins]] as an incentive and thus drawing enormous public support in Pittsburgh, but the [[Pennsylvania Gaming Control Board]] awarded the license to PITG Gaming [[The Majestic Star Casino, LLC|Majestic Star]] instead, who was required to partially fund the building of the new arena, the [[Consol Energy Center]].<ref>[http://www.post-gazette.com/pg/06354/747581-100.stm "PITG wins slots casino license for North Side"], ''Pittsburgh Post-Gazette'', December 20, 2006</ref>


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On February 14, 2006, Isle of Capri sold the [[Isle of Capri Bossier City]] and [[Isle of Capri Vicksburg]] to [[Legends Gaming]] for $240 million. The properties are now known as "[[Diamond Jack's]]".
On March 19, 2007 Isle of Capri purchased [[Casino Aztar]] in Caruthersville from [[Columbia Sussex]] for about $45 million. The casino was re-branded Lady Luck Casino on June 10, 2008.<ref>http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=1164321&highlight=</ref>

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The company competed for a gambling license in [[Pittsburgh]] in 2006, offering $290 million toward the construction of a new arena for the [[Pittsburgh Penguins]] as an incentive and thus drawing enormous public support in Pittsburgh. The [[Pennsylvania Gaming Control Board]] nevertheless awarded the license to PITG Gaming [[The Majestic Star Casino, LLC|Majestic Star]] instead, who was required to partially fund the building of the new arena, the [[Consol Energy Center]].<ref>[http://www.post-gazette.com/pg/06354/747581-100.stm "PITG wins slots casino license for North Side"], ''Pittsburgh Post-Gazette'', December 20, 2006</ref>

On March 19, 2007, Isle of Capri purchased [[Lady Luck Casino Caruthersville|Casino Aztar]] in [[Caruthersville, Missouri]] from [[Columbia Sussex]] for about $45 million.
In April, 2007 the Company opened a casino called the Isle Casino & Racing at Pompano Park.
In April, 2007 the Company opened the Isle Casino & Racing at [[Pompano Park]] in [[Pompano Beach, Florida]].

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On July 1, 2007, Isle of Capri opened a new property in [[Waterloo, Iowa]].

In 2008, the company adopted a two-brand strategy, reviving the Lady Luck name for smaller properties with limited amenities, while keeping the Isle of Capri name for properties with full-service facilities like hotel rooms, convention space, and expanded dining options.<ref>{{cite report|title=Form 10-K|publisher=Isle of Capri Casinos|date=June 25, 2009|access-date=2012-06-24|url=https://www.sec.gov/Archives/edgar/data/863015/000104746909006505/a2193533z10-k.htm|page=2}}</ref> The Marquette and Caruthersville casinos were the first to be rebranded as Lady Luck properties.<ref>{{cite report|title=Form 10-K|publisher=Isle of Capri Casinos|date=June 25, 2009|access-date=2012-06-24|url=https://www.sec.gov/Archives/edgar/data/863015/000104746909006505/a2193533z10-k.htm|page=7}}</ref>

In June 2010, Isle of Capri bought the [[Rainbow Casino]] in [[Vicksburg, Mississippi]] from [[Bally Technologies]] for $80 million.<ref>{{cite news|title=Isle of Capri completes $80 million casino purchase|newspaper=Las Vegas Review-Journal|first=Howard|last=Stutz|date=June 9, 2010|access-date=2012-06-13|url=http://www.lvrj.com/blogs/stutz/Isle_of_Capri_completes_80_million_casino_purchase.html}}</ref> The property was re-branded Lady Luck Casino in 2012.

On December 1, 2010, the Missouri Gaming Commission awarded the company the state's 13th gaming license for a casino project in Cape Girardeau.<ref>[https://archive.today/20130221114851/http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=1502137&highlight= Isle of Capri Casinos - Investor Relations - News Release]. Phx.corporate-ir.net (2010-12-01). Retrieved on 2013-07-26.</ref> The casino includes 1,000 slot machines, 28 table games, 3 restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center at an estimated cost of $125 million.

On April 14, 2011, Isle of Capri and [[Nemacolin Woodlands Resort]] were selected as the recipients of Pennsylvania's last casino resort license by the state's gaming board.<ref>[http://www.prnewswire.com/news-releases/isle-of-capri--nemacolin-woodlands-casino-resort-project-selected-by-pennsylvania-gaming-control-board-119841549.html Isle of Capri & Nemacolin Woodlands Casino Resort Project Selected by... - FAYETTE COUNTY, Pa., April 14, 2011 /PRNewswire/]. Prnewswire.com. Retrieved on 2013-07-26.</ref> Lady Luck Casino Nemacolin is expected to include 600 slot machines, 28 table games, a casual dining restaurant and lounge.

On October 30, 2012, Isle Casino Cape Girardeau opened to the public.<ref>[https://archive.today/20130221080146/http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=1745393&highlight= Isle of Capri Casinos - Investor Relations - News Release]. Phx.corporate-ir.net (2012-10-15). Retrieved on 2013-07-26.</ref>

In November 2012, Isle of Capri sold the Isle Casino Hotel Biloxi to [[Landry's Restaurants|Landry's Inc.]] for $45 million.<ref>{{cite news|title=Landry's Golden Nugget buys Isle Casino Biloxi|newspaper=Sun Herald|location=Biloxi|first=Mary|last=Perez|date=November 29, 2012|access-date=2012-11-30|url=http://www.sunherald.com/2012/11/29/4331003/landrys-golden-nugget-buys-isle.html|archive-url=https://web.archive.org/web/20121202053054/http://www.sunherald.com/2012/11/29/4331003/landrys-golden-nugget-buys-isle.html|archive-date=December 2, 2012|url-status=dead|df=mdy-all}}</ref>

On July 1, 2013, Lady Luck Casino Nemacolin opened to the public.<ref>{{cite web|url=http://pittsburgh.cbslocal.com/2013/07/01/lady-luck-casino-opens-at-nemacolin-woodlands-resort/ |title=Lady Luck Casino Opens At Nemacolin Woodlands Resort « CBS Pittsburgh |publisher=Pittsburgh.cbslocal.com |date=2013-07-01 |access-date=2014-03-02}}</ref>

On February 3, 2014, the Company completed the sale of its Davenport, Iowa casino to Scott County Casino LLC.<ref>{{cite web|url=http://qctimes.com/news/local/casino-closes-as-it-changes-owners/article_955b9cfd-0669-5e71-8671-9a977f5108f8.html |title=Casino closes as it changes owners |publisher=Qctimes.com |date=2014-02-03 |access-date=2014-03-02}}</ref>

On October 18, 2015, the Company closed their Natchez, MS riverfront casino due to low patronage. The Isle of Capri hotel was sold to Natchez competitor Magnolia Bluffs Casino.<ref>{{Cite web|url=http://www.natchezdemocrat.com/2015/10/16/isle-of-capri-casino-closes-sunday/))|title = Isle of Capri Casino closes Sunday|date = 16 October 2015}}</ref>

On March 13, 2017, the Company sold Lady Luck Marquette to the Casino Queen based in Swansea, Illinois.<ref>{{cite web|url=http://www.prnewswire.com/news-releases/isle-of-capri-casinos-inc-completes-sale-of-lady-luck-marquette-and-announces-redemption-of-50-million-of-its-outstanding-5875-senior-notes-due-2021-300422814.html|title=Isle of Capri Casinos, Inc. Completes Sale of Lady Luck Marquette and Announces Redemption of $50 Million of its Outstanding 5.875% Senior Notes due 2021|first=Isle of Capri Casinos|last=Inc.|website=www.prnewswire.com}}</ref>


On May 1, 2017, the acquisition by [[Eldorado Resorts]], previously announced on September 19, 2016, was completed.<ref>{{cite news |last1=Barr |first1=Diana |title=Isle of Capri sale to close Monday |url=https://www.bizjournals.com/stlouis/news/2017/04/28/isle-of-capri-sale-to-close-monday.html |work=St. Louis Business Journal |date=April 28, 2017}}</ref>
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On July 1, 2007 Isle of Capri opened a new property in [[Waterloo, Iowa|Waterloo]], [[Iowa]].


==Properties==
In a move to increase brand recognition, all of the companies casinos will be rebranded under the Lady luck or the.isle brands. It has not been determined which casinos will receive which designation, but the company has said that the larger properties will branded as the.isle.
The properties owned and operated by Isle of Capri Casinos at the time of its acquisition were:
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*[[Isle Casino Bettendorf|Isle Casino Hotel Bettendorf]] — [[Bettendorf, Iowa]]
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*[[Isle Casino Hotel Black Hawk]] — [[Black Hawk, Colorado]]
*[[Isle Casino Cape Girardeau]] — [[Cape Girardeau, Missouri]]
*[[Isle Casino Waterloo|Isle Casino Hotel Waterloo]] — [[Waterloo, Iowa]]
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*[[Pompano Park|Isle Casino Racing Pompano Park]] — [[Pompano Beach, Florida]]
*[[Isle of Capri Boonville|Isle of Capri Casino Hotel Boonville]] — [[Boonville, Missouri]]
*[[Isle of Capri Casino Kansas City]] — [[Kansas City, Missouri]]
*[[Isle of Capri Casino Hotel Lula]] — [[Lula, Mississippi]]
*[[Lady Luck Casino Black Hawk]] — [[Black Hawk, Colorado]]
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*[[Lady Luck Casino Caruthersville]] — [[Caruthersville, Missouri]]
*[[Nemacolin Woodlands Resort|Lady Luck Casino Nemacolin]] — [[Farmington, Pennsylvania]]
*[[Lady Luck Casino Vicksburg]] — [[Vicksburg, Mississippi]]


==Former==
== Gaming facilities ==
Properties previously owned by the company include:
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*[[Lady Luck Casino]], [[Black Hawk, Colorado]]
*[[Enchanted Capri]] casino cruise ship, sailing out of [[New Orleans, Louisiana]]
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*[[Isle Casino Hotel Bettendorf]], [[Iowa]]
*[[Isle Casino Hotel Black Hawk]], [[Colorado]]
*[[Isle of Capri Casino Hotel Lake Charles]] — [[Lake Charles, Louisiana]] (Now owned by Caesars Entertainment)
*[[Isle of Capri Boonville|Isle of Capri Casino & Hotel Boonville]], [[Missouri]]
*[[Isle Casino Coventry]] — [[Coventry]], [[England]]
*[[Isle Casino Hotel Biloxi]], [[Mississippi]]
*[[Isle of Capri Casino Hotel Biloxi]] — [[Biloxi, Mississippi]]
*[[Isle of Capri Our Lucaya]], [[Freeport, Bahamas|Freeport]], [[Grand Bahama]]
*[[Isle of Capri Casino Hotel Bossier City]] — [[Bossier City, Louisiana]]
*[[Isle of Capri Casino Kansas City]], [[Missouri]]
*[[Isle of Capri Casino Hotel Tunica]] — [[Tunica, Mississippi]]
*[[Isle of Capri Casino Hotel Lake Charles]], [[Louisiana]]
*[[Isle of Capri Casino at Our Lucaya]] — [[Lucaya, Bahamas]]
*[[Isle of Capri Casino Hotel Lula]]
*[[Isle of Capri Casino Vicksburg]] — [[Vicksburg, Mississippi]]
*[[Downtown Grand|Lady Luck Hotel & Casino]] — [[Las Vegas]], [[Nevada]]
*[[Isle of Capri Marquette]], [[Iowa]]
*[[Isle of Capri Casino Hotel Natchez]], [[Mississippi]]
*[[Casino Queen Marquette|Lady Luck Casino Marquette]] — [[Marquette, Iowa]]
*[[Isle Casino Hotel Waterloo]], [[Iowa]]
*[[Rhythm City Casino Resort]] — [[Davenport, Iowa]]
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*[[Isle Casino Racing Pompano Park]] [[parimutuel betting|parimutuel]] [[horse racing]] track, [[Pompano Beach, Florida]]
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*[[Lady Luck Casino Caruthersville]]
*[[Rhythm City Casino]], [[Davenport, Iowa]]
*[[The Isle Casino at Coventry]], Coventry, United Kingdom
Dania Jai Alai Dania Beach, FL


==References==
==References==
{{Reflist}}
{{Reflist|2}}


==External links==
==External links==
{{Portal|United States|Companies}}
*[http://www.isleofcapricasino.com/ Isle of Capri: Official Site]
*[http://www.islecorp.com Isle of Capri: Corporate Site]
*[https://web.archive.org/web/20170501072733/http://www.islecorp.com/ Isle of Capri: Corporate Site]


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{{DEFAULTSORT:Isle Of Capri Casinos}}
[[Category:American companies established in 1990]]
[[Category:American companies disestablished in 2017]]
[[Category:1990 establishments in Missouri]]
[[Category:2017 disestablishments in Missouri]]
[[Category:Gambling companies established in 1990]]
[[Category:Gambling companies disestablished in 2017]]
[[Category:Companies based in St. Louis County, Missouri]]
[[Category:Companies based in St. Louis County, Missouri]]
[[Category:Gambling companies of the United States]]
[[Category:Gambling companies of the United States]]
[[Category:Hospitality companies of the United States]]
[[Category:Hospitality companies of the United States]]
[[Category:Isle of Capri casinos| ]]
[[Category:Isle of Capri casinos| ]]
[[Category:1992 initial public offerings]]
[[Category:2017 mergers and acquisitions]]

Latest revision as of 06:18, 18 September 2024

Isle of Capri Casinos
FormerlyKana Corporation (1990–1992)
Anubis II Corporation (1992)
Casino America, Inc. (1992–1998)
Company typePublic
Nasdaq: ISLE
IndustryGaming
GenreCasinos
Founded1990; 35 years ago (1990)
FounderBernard Goldstein
DefunctMay 1, 2017; 7 years ago (2017-05-01)
FateAcquired by Eldorado Resorts
HeadquartersCreve Coeur, Missouri, U.S.

Isle of Capri Casinos, Inc. was a gaming company headquartered in Creve Coeur, Missouri in Greater St. Louis which operated casinos and associated entertainment and lodging facilities in the United States.

It operated 15 casinos in seven states across the U.S., Isle of Capri properties have nearly 13 million visitors each year. These properties have a total of about 14,000 slot machines, 350 table games, 2,300 hotel rooms; and three dozen restaurants.

History

[edit]

The company was founded in 1990 by Bernard Goldstein as Kana Corporation.

In April 1992, it was renamed Anubis II Corporation. In June 1992, it was renamed again to Casino America, Inc. and began trading on the NASDAQ under the ticker symbol CSNO. In 1995 it announced a move to trade to the New York Stock Exchange but that did not happen. In September 1998, it became Isle of Capri Casinos, Inc.[1] and changed its ticker symbol to "ISLE."[2]

The company opened its first casino on August 1, 1992, as a publicly traded corporation. Goldstein was known as the "grandfather of riverboat gaming since he owned the first riverboat casino to sail on the Mississippi River.[1]

Goldstein's first casino operations were in the Quad City area of Iowa and Illinois, where Goldstein operated the riverboats Diamond Lady and the Emerald Lady under the corporate name Steamboat Casino Cruises.[3] The two boats, which sailed from Bettendorf, Iowa on April 1, 1991, were two of the first modern riverboat casinos.[4]

Isle of Capri Casinos opened its first casino in Biloxi, Mississippi in August 1992, and was the first gaming establishment to trade on the NASDAQ.[citation needed]

In 2000, Isle of Capri spent $400 million in a multi-part deal to acquire the Lady Luck chain of casinos. Lady Luck Gaming, which owned two adjacent Lady Luck casinos in Lula, Mississippi, one in Natchez, Mississippi, the Miss Marquette casino in Marquette, Iowa, and a half interest in the Lady Luck casino in Bettendorf, Iowa, was bought for $59 million in cash, $177 million in assumed debt, and $22 million to redeem preferred stock.[5][6] On the same day, Isle of Capri bought the other half of the Bettendorf property from Goldstein's family for $62 million,[7] and the rights to the Lady Luck trademark from Lady Luck's founder, Andrew Tompkins, for $31 million.[6] Six months later, it completed the purchase of the Lady Luck Hotel & Casino in downtown Las Vegas from Tompkins for $14.5 million.[8] The Las Vegas property was sold two years later to a group of real estate investors.[9] The other Lady Luck properties were all rebranded under the Isle of Capri name.[10]

In 2005, its Biloxi casino (but not its hotel) was destroyed and its Lake Charles facilities were damaged by Hurricanes Katrina and Rita, respectively.[11][12]

In August 2006, Isle of Capri Casinos moved its headquarters from Biloxi to Creve Coeur, Missouri, a suburb of St. Louis.[13] Missouri had offered $4.2 million in tax incentives to lure the operation. 150 employees moved with the headquarters. Company officials said they were looking for new headquarters after evacuating their building three times in 2004–05 due to hurricanes.[14]

On February 14, 2006, Isle of Capri sold the Isle of Capri Bossier City and Isle of Capri Vicksburg to Legends Gaming for $240 million. The properties are now known as "Diamond Jack's".

The company competed for a gambling license in Pittsburgh in 2006, offering $290 million toward the construction of a new arena for the Pittsburgh Penguins as an incentive and thus drawing enormous public support in Pittsburgh. The Pennsylvania Gaming Control Board nevertheless awarded the license to PITG Gaming Majestic Star instead, who was required to partially fund the building of the new arena, the Consol Energy Center.[15]

On March 19, 2007, Isle of Capri purchased Casino Aztar in Caruthersville, Missouri from Columbia Sussex for about $45 million.

In April, 2007 the Company opened the Isle Casino & Racing at Pompano Park in Pompano Beach, Florida.

On July 1, 2007, Isle of Capri opened a new property in Waterloo, Iowa.

In 2008, the company adopted a two-brand strategy, reviving the Lady Luck name for smaller properties with limited amenities, while keeping the Isle of Capri name for properties with full-service facilities like hotel rooms, convention space, and expanded dining options.[16] The Marquette and Caruthersville casinos were the first to be rebranded as Lady Luck properties.[17]

In June 2010, Isle of Capri bought the Rainbow Casino in Vicksburg, Mississippi from Bally Technologies for $80 million.[18] The property was re-branded Lady Luck Casino in 2012.

On December 1, 2010, the Missouri Gaming Commission awarded the company the state's 13th gaming license for a casino project in Cape Girardeau.[19] The casino includes 1,000 slot machines, 28 table games, 3 restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center at an estimated cost of $125 million.

On April 14, 2011, Isle of Capri and Nemacolin Woodlands Resort were selected as the recipients of Pennsylvania's last casino resort license by the state's gaming board.[20] Lady Luck Casino Nemacolin is expected to include 600 slot machines, 28 table games, a casual dining restaurant and lounge.

On October 30, 2012, Isle Casino Cape Girardeau opened to the public.[21]

In November 2012, Isle of Capri sold the Isle Casino Hotel Biloxi to Landry's Inc. for $45 million.[22]

On July 1, 2013, Lady Luck Casino Nemacolin opened to the public.[23]

On February 3, 2014, the Company completed the sale of its Davenport, Iowa casino to Scott County Casino LLC.[24]

On October 18, 2015, the Company closed their Natchez, MS riverfront casino due to low patronage. The Isle of Capri hotel was sold to Natchez competitor Magnolia Bluffs Casino.[25]

On March 13, 2017, the Company sold Lady Luck Marquette to the Casino Queen based in Swansea, Illinois.[26]

On May 1, 2017, the acquisition by Eldorado Resorts, previously announced on September 19, 2016, was completed.[27]

Properties

[edit]

The properties owned and operated by Isle of Capri Casinos at the time of its acquisition were:

Former

[edit]

Properties previously owned by the company include:

References

[edit]
  1. ^ a b "International Directory of Company Histories, Vol. 41. St. James Press, 2001". Fundinguniverse.com. Retrieved 2014-03-02.
  2. ^ "Casino America, Inc. Becomes `Isle Of Capri Casinos, Inc.'." PR Newswire. PR Newswire Association LLC. September 25, 1998
  3. ^ "Isle of Capri Celebrates 10 Years of Business in the Gaming And Entertainment Industry". Phx.corporate-ir.net. Archived from the original on 2008-11-28. Retrieved 2014-03-02.
  4. ^ Gaming Hall of Fame: Bernard Goldstein Archived 2017-07-01 at the Wayback Machine. Gaming.unlv.edu. Retrieved on 2013-07-26.
  5. ^ Busby, Charles (March 3, 2000). "Isle joins billion-dollar club". The Sun Herald. Biloxi, MS: via NewsBank. Retrieved 2012-06-16. (subscription required)
  6. ^ a b Form 10-K405/A (Report). Isle of Capri Casinos. August 1, 2000. Item 1. Business. Retrieved 2012-06-16.
  7. ^ "Company news: Isle of Capri Casinos is in deal to buy Lady Luck Gaming". New York Times. October 7, 1999. Retrieved 2012-06-16.
  8. ^ Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. Liquidity and Capital Resources. Retrieved 2012-06-16.
  9. ^ Benston, Liz (October 31, 2002). "Casino changes owners". Las Vegas Sun. Retrieved 2012-06-16.
  10. ^ Form 10-K405 (Report). Isle of Capri Casinos. July 30, 2001. p. 1. Retrieved 2012-06-24.
  11. ^ "Isle of Capri Casinos, Inc., Provides Update of Hurricanes Rita and Katrina Damage". Prnewswire.com. Archived from the original on 2006-02-13. Retrieved 2014-03-02.
  12. ^ "Biloxi's casino blues / QCTimes.com". Qctimes.net. Retrieved 2014-03-02.
  13. ^ "Isle of Capris Completes HQ move to Creve Coeur - St. Louis Business Journal - August 14, 2006". Gotostlouis.org. Archived from the original on June 30, 2009. Retrieved March 2, 2014.
  14. ^ "City, Missouri team up to lure Isle of Capri to Creve Coeur." St. Louis Post-Dispatch (St. Louis, Missouri) (viaKnight-Ridder/Tribune Business News). January 24, 2006. "Archived copy". Archived from the original on 2016-03-06. Retrieved 2019-04-12.{{cite web}}: CS1 maint: archived copy as title (link) - "Missouri and Creve Coeur are offering more than $4.2 million in tax incentives to lure the corporate headquarters of Isle of Capri Casinos Inc. from its home in Biloxi, Miss., said Mark Perkins, the city's administrator." and "Isle of Capri is fleeing the frequent hurricanes of the Gulf Coast region, Haynes said. The company had to evacuate its headquarters three times between the autumns of 2004 and 2005 -- shutting down finance and information systems for all of its properties in the process."
  15. ^ "PITG wins slots casino license for North Side", Pittsburgh Post-Gazette, December 20, 2006
  16. ^ Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 2. Retrieved 2012-06-24.
  17. ^ Form 10-K (Report). Isle of Capri Casinos. June 25, 2009. p. 7. Retrieved 2012-06-24.
  18. ^ Stutz, Howard (June 9, 2010). "Isle of Capri completes $80 million casino purchase". Las Vegas Review-Journal. Retrieved 2012-06-13.
  19. ^ Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2010-12-01). Retrieved on 2013-07-26.
  20. ^ Isle of Capri & Nemacolin Woodlands Casino Resort Project Selected by... - FAYETTE COUNTY, Pa., April 14, 2011 /PRNewswire/. Prnewswire.com. Retrieved on 2013-07-26.
  21. ^ Isle of Capri Casinos - Investor Relations - News Release. Phx.corporate-ir.net (2012-10-15). Retrieved on 2013-07-26.
  22. ^ Perez, Mary (November 29, 2012). "Landry's Golden Nugget buys Isle Casino Biloxi". Sun Herald. Biloxi. Archived from the original on December 2, 2012. Retrieved November 30, 2012.
  23. ^ "Lady Luck Casino Opens At Nemacolin Woodlands Resort « CBS Pittsburgh". Pittsburgh.cbslocal.com. 2013-07-01. Retrieved 2014-03-02.
  24. ^ "Casino closes as it changes owners". Qctimes.com. 2014-02-03. Retrieved 2014-03-02.
  25. ^ "Isle of Capri Casino closes Sunday". 16 October 2015.
  26. ^ Inc., Isle of Capri Casinos. "Isle of Capri Casinos, Inc. Completes Sale of Lady Luck Marquette and Announces Redemption of $50 Million of its Outstanding 5.875% Senior Notes due 2021". www.prnewswire.com. {{cite web}}: |last= has generic name (help)
  27. ^ Barr, Diana (April 28, 2017). "Isle of Capri sale to close Monday". St. Louis Business Journal.
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