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4-Traders Homepage  >  Equities  >  Nasdaq  >  Isle of Capri Casinos    ISLE

Delayed Quote. Delayed  - 07/29 10:00:00 pm
18.73 USD   -0.43%
06/24 ISLE OF CAPRI C : Opens Land-based Casino in Bettendorf
06/14 BRIEF : Isle of Capri reports higher profit
06/14 ISLE OF CAPRI C : tops 4Q profit forecasts
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Isle of Capri Casinos : Opens Land-based Casino in Bettendorf

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06/24/2016 | 10:46pm CEST

BETTENDORF, Iowa, June 24, 2016/PRNewswire / -- Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that Isle Casino Hotel Bettendorf opened its new $60 million, land-based casino to the public at 10 a.m.central with approximately 1,000 people passing through the turnstiles in the first few hours.

The casino includes approximately 1,000 slot machines, 19 table games, and two restaurants including Farmer's Pick Buffet and Keller's Express,Lone Wolf Bar is located on the gaming floor. An additional restaurant, Keller's American Grill will open later this year.

'This property has come a long way from its humble beginnings with a small riverboat sailing up and down the river more than 25 years ago,' said Eric Hausler, Isle's chief executive officer. 'Today we reveal a new single-level casino, two new restaurants, with a third to open soon, a grand new entrance, and a consolidated hotel lobby located between our two hotel towers.

'We thank our general contractor, architect, and all of the local tradespeople for sharing their expertise with us. The employees here at Bettendorfare dedicated to providing first class customer service and they are excited to share our new experience with everyone.'

The General Contractor on the project was Kraus-Anderson Construction, and the lead architect was Hnedak Bobo Group, Inc.

For more information about the project, visit www.thebiglittlemove.com.

About Isle of Capri Casinos, Inc.

Isle of Capri Casinos, Inc., founded in 1992, is dedicated to providing its customers with an exceptional gaming and entertainment experience at each of its 14 casino properties. The Company owns and operates casinos domestically in Lulaand Vicksburg, Mississippi; Lake Charles, Louisiana; Bettendorf, Marquetteand Waterloo, Iowa; Farmington, Pennsylvania; Boonville, Cape Girardeau, Caruthersvilleand Kansas City, Missouri; two casinos in Black Hawk, Colorado; and a casino and harness track in Pompano Beach, Florida. More information is available at the Company's website, www.islecorp.com.

Forward-Looking Statement

This press release may be deemed to contain forward-looking statements, which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, financing sources, development and construction activities, costs and delays, weather, permits, competition and business conditions in the gaming industry. The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein.

Additional information concerning potential factors that could affect the Company's financial condition, results of operations and expansion projects, is included in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, its Form 10-K for the most recently ended fiscal year.

CONTACTS:
Isle of Capri Casinos, Inc.,
Jill Alexander, Senior Director of Corporate Communication-314.813.9368

SOURCE Isle of Capri Casinos, Inc.

Isle of Capri Casinos Inc. published this content on 24 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 June 2016 20:46:03 UTC.

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Financials ($)
Sales 2017 994 M
EBIT 2017 132 M
Net income 2017 57,5 M
Debt 2017 774 M
Yield 2017 -
P/E ratio 2017 13,45
P/E ratio 2018 12,53
EV / Sales 2017 1,56x
EV / Sales 2018 1,45x
Capitalization 773 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 19,8 $
Spread / Average Target 5,4%
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Managers
NameTitle
Eric L. Hausler CEO, CFO, Senior VP & Head-Investor Relations
Arnold L. Block President & Chief Operating Officer
Robert S. Goldstein Non-Executive Chairman
Jeanne-Marie Wilkins Chief Information Officer & Senior Vice President
Alan J. Glazer Lead Independent Director
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