Isle of Capri Gambling Enterprises Shuts Natchez Residential Property

Isle of Capri Gambling Enterprises Shuts Natchez Residential Property

Gambling driver Isle of Capri gambling enterprises announced that it will shut its casino down in Natchez, Mississippi. The house or property is proven to be one of many earliest gambling spots inside the condition’s edges.

Isle of Capri was run the casino since 2000. It has as much as 520 slots and 6 dining table games. Virginia McDowell, Chief Executive Officer and President from the gaming company located in St. Louis, Missouri, stated inside a Tuesday declaration they are excessively pleased using what obtained carried out over the past 15 years consequently they are grateful for their Natchez associates for their persistence and determination.

Ms. McDowell also observed that her team will sell their hotel that is natchez-based and non-gaming possessions to Casino Holding expense Partners for any number of $11.5 million. The transaction is probably are completed casinoland close account in 2015, provided that all closing conditions are fulfilled by that time october. The Isle of Capri land will getting completely operational before this.

Isle of Capri mentioned that its Natchez casino produced annual profits of $23 million for your fiscal 2015. In accordance with a picture submitted of the operator in its revenue has been declining since the opening of Magnolia Bluffs Casino june. Overall, the ongoing providers posted a 5% boost within its profits for 2015.

Opponent Magnolia Bluffs Casino started gates in 2012. The casino concerns the same proportions as the Isle of Capri one, but it does perhaps not feature a lodge. Continue reading “Isle of Capri Gambling Enterprises Shuts Natchez Residential Property”