Isle of Capri Casinos Closes Natchez House

Isle of Capri Casinos Closes Natchez House

Betting user Isle of Capri Casinos established that it’ll shut lower its casino in Natchez, Mississippi. The house is known to be among the gambling venues that are oldest in the condition’s edges.

Isle of Capri has become working the casino since 2000. It includes as much as 520 slot machines and 6 desk games. Virginia McDowell, Chief Executive Officer and chairman associated with video gaming company based in St. Louis, Missouri, mentioned inside a Tuesday statement that they’re incredibly pleased in what obtained carried out during the last 15 age and so are grateful with their Natchez team members for his or her persistence and dedication.

Ms. McDowell also observed that their business will actually sell their hotel that is natchez-based and non-gaming assets to Casino carrying financial investment associates for your level of $11.5 million. The deal is likely are completed in 2015, provided that all closing conditions are fulfilled by that time october. The Isle of Capri land shall feel fully working until then.

Isle of Capri asserted that its Natchez casino produced annual profits of $23 million for all the fiscal 2015. In accordance with a picture published by the agent in June, the income is declining because the starting of Magnolia Bluffs Casino. Overall, the ongoing business submitted a 5% boost with its earnings for 2015.

Rival Magnolia Bluffs Casino unsealed doorways in 2012. The casino is all about the same proportions as the Isle of Capri one, but it does not include a resorts. (more…)