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Isle 2nd quarter earnings double last year's results; big tax benefit on asset sales offsets revenue decline

on Sat, 12/03/2016 - 01:24   by Editor

Thanks to a $17.8-million income tax benefit, Isle of Capri Casinos, Inc. Thursday (12/1) reported second quarter earnings of $23.7 million (57 cents per share), more than double the gambling firm's earnings for the same quarter last year.

Isle of Capri Casinos, Inc. to be acquired by Nevada casino firm, Eldorado Resorts, in $1.7 billion deal

on Mon, 09/19/2016 - 20:08   by Editor

Isle of Capri Casinos, Inc. – owner of Bettendorf's Isle of Capri Casino – announced this morning (9/19) it had reached an agreement to be acquired by Eldorado Resorts of Reno, Nevada in a stock and cash transaction valued at $1.7 billion.

Eldorado would acquire all the outstanding Isle stock for $23 per share, or 1.638 shares of Eldorado common stock for each share of Isle stock. The $1.7 billion value includes the assumption of the Isle's $929 million of long-term debt.

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