ST. LOUIS, Aug. 11, 2015 /PRNewswire/ -- Isle of Capri
Casinos, Inc. (NASDAQ: ISLE) announced today that the Company will
close its casino property in Natchez,
Mississippi, and has entered into a definitive agreement to
sell its Natchez hotel and certain
related non-gaming assets to Casino Holding Investment Partners,
LLC, the parent company of Magnolia Bluffs Casino, for $11.5 million. The transaction is expected
to close in October 2015, subject to
customary closing conditions.
"We are proud of all that we have accomplished together and we
thank our team members for their dedication and hard work in the
many years we have operated in Natchez," said Virginia McDowell, the Company's president and
chief executive officer.
Isle Natchez is expected to
remain fully operational until its closure and will honor all room
reservations and events until that time.
About Isle of Capri Casinos, Inc.
Isle of Capri Casinos, Inc. is a leading regional gaming
and entertainment company dedicated to providing guests with an
exceptional experience at each of the 15 casino properties that it
owns and/or operates, primarily under the Isle and Lady Luck
brands. The Company currently owns and/or operates gaming and
entertainment facilities in Mississippi, Louisiana, Iowa, Missouri, Colorado, Pennsylvania and 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.,
Eric Hausler, Chief Financial
Officer-314.813.9205
Jill Alexander, Senior Director,
Corporate Communications -314.813.9368
NOTE: Other Isle of Capri Casinos, Inc. press releases and
a corporate profile are available at
http://www.prnewswire.com. Isle of Capri Casinos, Inc.'s home
page is http://www.islecorp.com.
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SOURCE Isle of Capri Casinos, Inc.