Isle of Capri Gambling Enterprises Closes Natchez House
Playing user Isle of Capri gambling enterprises announced that it will shut its casino down in Natchez, Mississippi. The property is known to be among the many oldest playing spots in the condition’s boundaries.
Isle of Capri is operating the casino since 2000. It includes up to 520 slot machines and 6 dining table games. Virginia McDowell, Chief Executive Officer and chairman associated with gaming organization based in St. Louis, Missouri, said inside a Tuesday report they have accomplished over the past 15 years and are thankful to their Natchez team members for their hard work and dedication that they are extremely proud with what.
Ms. McDowell also noted that her company will sell its hotel that is natchez-based and non-gaming property to Casino Holding investments associates when it comes down to quantity of $11.5 million. The transaction could be getting finished in Oct 2015, so long as all finishing conditions include fulfilled by that point. The Isle of Capri land shall become completely functional until then.
Isle of Capri said that the Natchez casino generated yearly revenue of $23 million for any financial 2015. According to a snapshot uploaded from the agent in its revenue has been declining since the opening of Magnolia Bluffs Casino june. Overall, the ongoing providers submitted a 5% increase within its profits for 2015.
Opponent Magnolia Bluffs Casino exposed gates in 2012. The casino concerns the same proportions as the Isle of Capri one, although it does not include a hotel. (more…)