Eldorado Resorts – new Bettendorf Isle of Capri owner – reports big jump in operating income

Eldorado Resorts, Inc. – the new owner of Bettendorf's Isle of Capri Casino – reported (11/2) third quarter net income of $29.6 million, or 38 cents per share.

Eldorado Chairman and CEO Gary Carano told analyst during a conference call the company "could not be more pleased with our progress (integrating the Isle of Capri casino properties) to date."

While total revenues at the Reno-based firm fell 1 percent compared with the third quarter a year ago, operating income at the company's casinos was up more than 40 percent compared with the same three-month period in 2016.

“Eldorado’s record third quarter results exhibit the potential that we envisioned when we announced the acquisition of Isle of Capri a little over a year ago," Carano stated in the company's earnings news release.

The Bettendorf casino is now part of Eldorado's Midwest Region group which includes Isle Casino Waterloo (IA), Isle of Capri Casino Boonsville (MO), Isle of Casino Cape Girardeau (MO), Lady Luck Casino Caruthersville (MO) and Isle of Capri Casino Kansas City (MO).

Eldorado Resorts (ERI) owns and operates 19 gambling properties in 10 states: Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, Pennsylvania and West Virginia.

CLICK HERE to download the full earnings report.

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