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Isle Of Capri Gets Backing For Missouri's Last Casino License

DOW JONES NEWSWIRES Isle of Capri Casinos Inc. (ISLE) said the Missouri Gaming Commission selected the regional casino operator's proposed project in Cape Girardeau for prioritization for the 13th and final gaming license within the state. Shares jumped on the news and were recently up 4.4% at $9.18. The stock is up about 23% this year. The $125 million project is expected to include 1,000 slot machines, 28 table games, three restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center. Isle of Capri said construction for the project in Cape Girardeau, which has about 37,000 residents, is slated to begin in early summer. The company, which operates 15 casino properties in several U.S. states, already has three other casinos within the state -- in Boonville, Caruthersville and Kansas City. Chief Development Officer Paul Keller said the new site represents "one of the largest economic development projects in the history of Cape Girardeau." In August, Isle of Capri reported it swung to a surprise fiscal first-quarter loss on falling revenue across all of its regions except Mississippi, which got a boost from its Rainbow casino acquisition. Second-quarter results are due Thursday. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Isle of Capri Casinos (ISLE)
DateTimeHeadline
09/26/201613:07:00INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation...
09/23/201616:31:00ISLE OF CAPRI SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces...
09/22/201617:28:38Statement of Beneficial Ownership (sc 13d)
09/22/201612:45:58Current Report Filing (8-k)
09/22/201612:43:57Filing of Certain Prospectuses and Communications in Connection...
09/22/201611:41:13Filing of Certain Prospectuses and Communications in Connection...
09/21/201615:33:00ISLE SHAREHOLDER ALERT: Brower Piven Commences An Investigation...
09/21/201614:18:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation...
09/21/201611:06:00Ryan & Maniskas, LLP Announces Investigation of Isle of Capri...
09/21/201610:34:00Harwood Feffer LLP Announces Investigation of Isle of Capri Casinos...
09/20/201617:33:00ISLE OF CAPRI CASINOS, INC. SHAREHOLDER ALERT: Rigrodsky & Long...
09/20/201615:20:00INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation...
09/20/201612:02:00ISLE OF CAPRI CASINOS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL...
09/19/201618:17:00Robbins Arroyo LLP: Acquisition of Isle of Capri Casinos, Inc...
09/19/201617:26:30Filing of Certain Prospectuses and Communications in Connection...
09/19/201617:26:03Filing of Certain Prospectuses and Communications in Connection...
09/19/201617:21:44Filing of Certain Prospectuses and Communications in Connection...
09/19/201617:20:00Filing of Certain Prospectuses and Communications in Connection...
09/19/201612:20:00Isle of Capri Casinos, Inc. Shareholder Alert: Former SEC Attorney...
09/19/201608:30:00Eldorado Resorts to Buy Isle of Capri Casinos

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