Isle of Capri Gambling Enterprises Closes Natchez Belongings

Isle of Capri Gambling Enterprises Closes Natchez Belongings

Gambling operator Isle of Capri Casinos revealed that it’ll shut its casino down in Natchez, Mississippi. The home is known to be one of many gambling venues that are oldest around the condition’s boundaries.

Isle of Capri has become working the casino since 2000. It has up to 520 slots and 6 dining table games. Virginia McDowell, ceo and chairman on the video gaming business situated in St. Louis, Missouri, stated 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 additionally mentioned that her business will sell their hotel that is natchez-based and non-gaming possessions to Casino Holding investments lovers for all the level of $11.5 million. The exchange is likely are completed in Oct 2015, so long as all completion circumstances become fulfilled by that time. The Isle of Capri belongings shall feel completely functional before this.

Isle of Capri mentioned that the Natchez casino generated yearly profits of $23 million for your financial 2015. According to a snapshot posted of the agent in June, their profits is decreasing considering that the starting of Magnolia Bluffs Casino. Overall, the providers posted a 5% enhance in its revenue for 2015.

Competitor Magnolia Bluffs Casino launched gates in 2012. The casino is all about the size that is same the Isle of Capri one, although it does not feature a hotel.

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